The BSNL Management and their agents are making propaganda that the VRS is very attractive. But it is not beneficial for the lower level employees. Truly speaking, the lower level employees like telecom mechanics will be facing a big loss, if they go on VRS.
The following are the details in respect of a Telecom Technician, whose basic pay is Rs.21,730 and who is having 3 years and 4 months of remaining service.
Loss in pay.
If this Telecom Mechanic goes on VRS, he will get an ex-gratia amount of Rs.16,42,800.
If he remains in service till 60 years, he will get pay plus DA of Rs.21,90,400. It means, he will be losing Rs. 5,47,600 on account of pay plus DA alone, if he goes on VRS.
Further, from this ex-gratia amount of Rs.16,42,800, income tax will be deducted. Further, society loan, bank loan and various other loans like House Building Loan, will be deducted. Ultimately, the official will get a very less amount as ex-gratia.
In addition to this, he will be losing Rs.2,173/- every month as HRA, even if he is posted in a ‘C’ class city, where he is entitled for 10% HRA. This loss comes to Rs.86,920/- for 3 years and 4 months
Further, if he continues in service till his retirement on superannuation, he will earn 3(three) increments. These 3 increments will result in higher pension when he retires at the age of 60.
Loss in pension.
If the above mentioned official goes on VRS, he will get a monthly pension of Rs.10,865/-.
If he continues to his service and retirees after 3 years 4 months on 60 years of age, his pension will be Rs.11,885/- (adding 3 increments).
So, in basic pension alone, the official will lose Rs.1,020/- every month. Together with this, he will lose DA also every month, for his basic pension. At today’s DA rate of 152%, this loss will be Rs.1,550/-. So, total loss in pension will be Rs.2,570/- per month. This will be a very big loss for the person, till the last day of his life. In addition to this, the official will be facing loss in his gratuity and pension commutation also.
A lot of rumours are also being spread, to create panic among the employees and make them to opt for VRS in a large scale. The following are the replies for the rumours / confusions, which are being spread.
A lot of employees are going on VRS due to rumours that Cabinet has already taken decision to reduce the retirement age to 58. This is totally a false information. If the cabinet has already taken the decision to reduce the retirement age to 58, then why it has not been announced openly so far?
It is true that, no such decision has been taken by Cabinet to reduce the retirement age to 58 years.
Mischievous elements are spreading this rumour, only to create panic among employees and force them to go on VRS. Further, all the Recognised Unions of the Non-Executives and Associations of the Executives are opposing the reduction of retirement age to 58 years.
Retrenchment after completion of 33 years of service.
A lot of rumours are also being spread that, government has decided to retrench employees who have completed 33 years of service, or 60 years of age, whichever is lesser. This is totally a false information. Times of India dated 24th September, 2019, has already clarified that government is not having any such proposal.