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can pension be scrapped?
by Natesh on May 24, 2007 10:14 AM

I think its high time pension is scrapped for all govt employees whether state or central. Its being a huge burden for the tax payers. For a person who has joined service from 20-25 yrs n retires by 58-60 there is a totaly of 35 approx in service. But if the person lives upto 80 yrs then the govt has to pay pension for another 20 yrs or more. Morover their spouses also get half pension for another 10-15 yrs. This is very unfair for 98% of the population who are employed in private sector. Why should all the benefits goto a very thin minority of the population (2%) where the rest of the country have to work hard/smart and depend on their hard earned savings. Along with pension all other perks and benefits given to govt employees should also be cut like free passes/ subsidized quarters/ hospital bills / 5 yr holiday etc... We want our tax money to be spent on moderning airports, roads, railways, health amenities and basic infrastructure on rural and urban india. Even if money is spent on education it will help poor students to climb the ladder of economic growth. Wish someone starts a "stop pensions" website and i will join to protest

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Demystifying new pension system