The Andhra Pradesh Secretariat CPS Association has demanded that the State government restore the Old Pension Scheme (OPS) and do away with the Contributory Pension Scheme (CPS) instead of the proposed Guaranteed Pension Scheme (GPS).
In a letter submitted to the Principal Secretary (HR), Finance Department, on June 6 (Tuesday), the association said, “Recently, the government has proposed GPS to the employees covered under the CPS. Certain features such as minimum pension, 33% pension guarantee and health card have been added to the existing CPS and the scheme was named GPS. In addition to that, it has been proposed to add inflation protection to the guaranteed pension.”
Association president Rajesh Kotla, vice-president Napa Prasad and additional secretary A. Chalamaiah among others said in their representation that they had expressed their disagreement on the proposed GPS earlier and detailed the reasons. They said that the CPS had failed to provide adequate social security to the employees.
