Coal pensioners to agitate for dearness relief in pay, pension body revamp

Retired Employees Association says nearly 270,000 pensioners are getting less than Rs 2,000 a month as pension

pensions, funds, retirement, investments, investors, savings
Coal mines employees are covered under the CMPS 1998, which is administered by the CMPFO under the Ministry of Coal
Shiva Rajora New Delhi
2 min read Last Updated : Nov 04 2022 | 9:05 PM IST
Members of the All India Association of Coal Pensioners (AICPA) will be staging a protest in the capital in the coming days against the non-revision of the pension amount and restructuring the Coal Mines Provident Fund Organisation (CMPFO)- coal pensioners' apex social security organisation. 

Among the primary demands by the pensioners is the incorporation of the Dearness Relief (DR) component as a part of pension to ensure equitable pension and abide by the provisions enacted in Coal Miners Pension Scheme (CMPS)-1998  to review and revise pension every three years. 

Coal mines employees are covered under the CMPS 1998, which is administered by the CMPFO under the Ministry of Coal. The corpus fund for the scheme has been eroded over the years due to mismanagement and has resulted in no enhancement for the pensioners. The parliamentary accounts committee (PAC) chaired by Congress leader Adhir Ranjan Chowdhury in its report last year has said that the coal ministry has not taken due care of its responsibility as a watchdog for CMPFO.

“The committee notes that the Ministry of Coal has been apparently found severely wanting in discharging its nodal administrative role, which resulted in financial mis-management by CMPFO," the report noted. 

Pensioners also demand that the compulsory levy of Rs ten per tonne as cess on the coal produced by the coal companies to strengthen the depleting pension corpus be increased to Rs 20 per tonne, with provision for enhancement of cess for every three years. 

Speaking to Business Standard, Dandamraj Ramchander Rao, President, Singareni Retired Employees Association, says that nearly 270,000 coal pensioners are getting less than Rs 2,000 per month as pension. 

“For 24 years since the inception of the scheme, there has been no revision and enhancement in the pension, and we are living in a state of abject penury. We request the government to expedite the process so that the hardships in our sunset days are ameliorated soon,” adds Rao.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :PensionsCoal indian governmentcoal mineemployeepension schemesCoal ministryCongresspension fundGovernmentCoal India Limitedcoal industry

Next Story