Sunday, 29 June 2025

Why Pension Must Be Revised

 Why Pension Must Be Revised

We are Bharat Pensioners Samaj – speaking on behalf of millions of pensioners who once served this nation with commitment and dignity.

But today, many of them struggle — not because they did not earn enough, but because their pension has not kept pace with reality. 🧾 Why must pension be revised periodically? Because pension is not a gift. It is deferred salary — a part of earnings the government holds back and pays after retirement. In the Old Pension Scheme, the government didn’t contribute to any fund like in NPS. Yet it retained the amount it would’ve contributed to the provident fund — and paid no interest on it. Isn’t it only fair that this value is restored? 💰 Dearness Relief? It helps, but not enough. Inflation eats away at real value — slowly but surely. Over the years, a pensioner’s grocery bill doubles. Healthcare becomes unaffordable. But the pension? It hardly changes. ⚖️ The Supreme Court in D.S. Nakara said: Pensioners are a single class. No arbitrary discrimination based on retirement date. And yet, Finance Act 2025 seeks to shield old rules—but it cannot cancel a Constitutional Bench judgment. Nakara still stands. So must the dignity of every retiree. 🌍 Across the world, pensions are linked to inflation and the wages. In India too, we must move forward.

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