KN Balagopal | Photo: CR Gireesh Kumar
Thiruvananthapuram: Changing the earlier stance of the state government on contributory pension, the Minister for Finance KN Balagopal has said on Thursday that there is nowhere the pension is fully borne by the state government.
While answering the questions on contributory pension, he said statutory pension, which is fully borne by the state government, is not practical. He cited the situation in Bengal to substantiate his stance.
Only Bengal has not implemented contributory pension as appointments are made on contract basis there. “There is no need for statutory pension in Bengal as state government do not have to bear the cost of pension. He also said that the state government will form a policy in this regard as it is not financially viable to go ahead with contributory pension in the state.”
The LDF government is against contributory pension and is ready to take a final call on this despite appointing a commission to study the matter. The committee submitted a report three months ago.
It was from April 1, 2013, contributory pension was implemented in the state during UDF ruling. State government and employees contribute a ten percent share as per this. The LDF staged a protest against this then with a promise of quashing it once assumes power.
Even the LDF election manifesto promised re-examining contributory pension but after reaching power nothing has been done.
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