New Delhi, November 19: The All India BSNL-DOT Pensioners Association expresses its strong protest at the Pension Fund Regulatory and Development Authority (PFRDA) Bill already presented in the Parliament. The Bill is intended to take away the hard earned money of the employees for being utilised in the sharemarket by the Fund Managers and big corporates for their profit. It is not at all intended to safeguard the interests of the workers who are contributing to the Pension Fund.
This has become very clear with the rejection of the recommendations of the Parliamentry Standing Committee on Finance by the Central Cabinet. The Standing Committee recommended a fixed cap on the FDI, an assured return and facility of easy withdrawal by the employees. All the three recommendations have been rejected by the cabinet on flimsy grounds.
BSNL employees and pensioners will be attending in large numbers in the Parliament March on 25th November against the anti-worker PFRDA Bill
(Report in Ganashakti )