5th CPC parity is also beneficial but option-I parity of 7th CPC is more beneficial to many employees
We are getting many phone calls and messages from Central Government Pensioners and employees regarding the Cabinet decision on 03.05.2017. Government has approved the recommendations of the Committee headed by Secretary (Pension) constituted by it as per the cabinet decision on 29.06.2016. The full details of the cabinet decision will be known only after issuing orders by Pension Ministry. The Pension Committee has told the JCM Staff Side that instead of Option-I parity, recommended by 7th CPC, it is considering 5th CPC recommended parity. It is presumed that the decision of the Cabinet may be to extend 5th CPC recommended parity to pre-2016 pensioners as recommended by Pension Committee. We are waiting for detailed orders to confirm.
Regarding option-2 parity recommended by 7th CPC, the Pension Committee and Cabinet has rejected the recommendations as NOT FEASIBLE, eventhough JCM Staff side has tried its best to convince the Pension Committee that it is Feasible. The intention behind the Cabinet decision dated 29.06.2017 to constitute a committee to examine the feasibility of option-I recommended by 7th CPC was to deny the Option-I parity which is more beneficial to pre-2006 pensioners than the 5th CPC Parity. Of course 5th CPC parity is also beneficial but option-I parity of 7th CPC is more beneficial to many employees.
Confederation of Central Government Employees and workers shall continue its struggle for Option-I parity alongwith the National Coordination Committee of Pensioners Association (NCCPA).
The details of the 3rd May Cabinet decision will be published as and when orders are issued by Government. Please wait for detailed orders before coming to any conclusion.
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Source : Confederation