Staff Correspondent

HUBLI: Sukomal Sen, general secretary of All India State Government Employees’ Federation, has said the proposed new pension scheme of the Centre would ruin the lives of lakhs of government employees.

Mr. Sen told presspersons that the Union Government was acting according to the dictation of the World Bank and International Monetary Fund (IMF) and was bent on bringing into force the new plan on the pretext of shortage of funds.

He said most of the countries in the world, including the U.S., had withheld the pension reforms after realising the danger involved in it. The Prime Minister seemed to be more interested in privatising the pension system, he alleged. He said although the attempt by the UPA Government in this regard had been thwarted by the Left parties, the Prime Minister had convened a meeting of the Finance Ministers and Chief Ministers to discuss the issue of implementation of the new scheme, he said.

Apart from the World Bank, IMF-dictated pension reforms, the federation had conducted elaborate discussion on the denial of interim relief to Union Government employees.