When the public are being taxed most of the time, why when benefits are concerned they are not included? for instance NPS now is only for govt.employees? Also for release of withdrawals of P.F.Amount the employee has to actually follow-up to the extent of begging the officials to sanction the release as they give excuse that due to transfer memo not received from the employee's old P.F. office the present P.F. office is not able to release the withdrawal amount. Who is responsible for follow-up with the old P.F. office when the transfer amount cheque has already been deposited into the P.F.A/c. of the employee by the present P.F. office?
RE:Pvt. Companies / Public Ltd. Companies not covered under NPS
by Dara Acidwalla on May 24, 2007 11:24 AM Permalink
Public is not being taxed. It is being MILKED day and night for the benefit of ministers, babus and such MC BC FC and P.E.S.T.S.
Benefits are only meant for such louts.
When we want to withdrawal our P.F.Amount the we must grovel before the mai-baaps that we have allowed to be created.
When we retire we find that we do not get our P.F.Amount we have to even bribe to follow-up and go begging to the officials to sanction the release our our money. Then to our shock and disbelief we find the BJP government ate up 50% and transfered it to our pension account from where we will receive a piddly amount as pension every month. Very clever that old Mr Roll back FM.
RE:What @ employees working in private / Public limited Firms?
by Ram Prakash on May 24, 2007 09:43 AM Permalink
yes please can somebody tell us what abut the private limited company ..is there any benifits for them also..??
RE:What @ employees working in private / Public limited Firms?
by SANJAY PARDHI on May 24, 2007 10:14 AM Permalink
No.The NPS is not applicable to individuals covered by the Provident Fund Act.All Public and Private Sector Employees are covered under EPFO (Employees Provident Fund Organisation)and there is a separate Family Pension Scheme for those having minimum 10Yrs continuous membership.
RE:What @ employees working in private / Public limited Firms?
by Vitthal Sawant on May 24, 2007 09:52 AM Permalink
The new pension system will be voluntary for self-employed individuals, private companies and the un-organised sector, and there will be no contribution from the government in respect of individuals who are not government employees.
