The Centre for Indian Trade Union (CITU) has urged the State Government to bring in amendments to the pension scheme announced for the unorganised sector.

Addressing a press conference here on Wednesday, S. Prasannakumar, general secretary of the State unit of CITU, said that the pension scheme, if it is implemented in its existing form, would go against the interests of the working class.

“The scheme is aimed at the welfare of labourers. But the manner in which the rules have been framed and implemented in its original form, would not be in the welfare of the labourers. Therefore, the rules need to be modified to ensure prompt and full repayment of pension,” he said.

According to him, the labourers' contribution and also that of the State Government was being handed over to the pension fund managers, who, in turn, would be investing it in the stock market.