Members of the Federation of Andhra Pradesh Teachers’ Organisations (FAPTO) have demanded that the Contributory Pension Scheme (CPS) be repealed and the Old Pension Scheme be restored.
At a media conference on June 21 (Wednesday), federation’s State committee chairman N. Venkateswarlu and secretary general Ch. Manjula said they were opposed to the Guaranteed Pension Scheme (GPS) proposed by the government as an alternative to the CPS, alleging that the new initiative would benefit the corporate firms only.
They said that the employees wanted the Old Pension System as a part of which they did not have to contribute any money. “It is ridiculous on the part of the government to thrust on us the GPS which mandates monthly contributions by the employees,” they said, adding that the government had not been paying Dearness Allowance (DA) to its employees now, but was talking about paying Dearness Relief to the pensioners.
