The judgement passed by Delhi High Court on allowing the varsity staff to avail GPF scheme even if an individual has not opted for the same, will be challenged by the Delhi University. Abha Dev Habib, Executive council member at DU informed that as the resolution passed at the varsity’s Executive Council (EC) meeting, DU will be challenging the judgement infront of the Delhi High Court.
University Grants Commission (UGC) had issued an official memorandum in 1987 mentioning the change in the pension scheme for DU teachers. The change was basically shifting in to a monthly scheme and deduction of general provident fund (GPF) from the employee’s salary. There was no deduction in case of cumulative provident fund (CPF) as the lump sum was to be paid at the time of retirement.
Allotted time for approval was of five months, between May and September 1987. UGC wanted teachers to give their decision in writing. The authorities of DU had extended the date several times in order to receive change in the options from teachers. After the approval from Vice Chancellor, DU approved the memorandum.
As per the judgement passed this April by the high court, all the staffers including the ones who had not opted for the scheme were allowed to avail the benefits. The petition was divided into 3 categories by the single-judge bench of high court - those who exercised the CPF option after the deadline, those who exercised it within the deadline and those who did not exercise the option at all.
As per advocate Tanuj Khanna, who represented the group of teachers, category I and III being entitled to GPF turned out to be a profitable deal. But staffers falling under the category II were not eligible to avail the benefits.
DU had composed a task force on May 27 headed by treasurer, Janki Kathpalia, for the welfare of employees serving the University as well as the retired candidates. The task force decided on challenging HC judgement and not implementing the decision. Habib said that the decision was accepted at the EC meeting by the Vice Chancellor. At present, Kathpalia is not commenting on the reason being the task force.
Varsity’s teachers have attacked the move of challenging the HC judgement instead of implementing the scheme.
Nandita Narain, President of Delhi University Teachers’ Association (DUTA) said that about 2500 employees were to get benefited by the judgement according to the Universal records. Challenging of the decision is an intentional move by varsity to refuse the post-retirement livelihood and basic human rights of teachers.
- Most Read
- 5 Things You Don’t Know About Unit Linked Pension Plans
Date: 07 March 2018
- Everything You Need To Know About LIC Pension Plans
Date: 25 January 2018
- What Makes SBI Pension Plans Different from its Peers?
Date: 17 January 2018
- 5 Golden Rules to Set Your Retirement Planning on the Right Path
Date: 08 January 2018
- 5 Mistakes You Must Avoid While Planning Retirement
Date: 24 October 2017
- National Pension Scheme (NPS) – Govt Approved Pension Scheme
Views : 423765
- 10 Best Pension Plans in 2017-18
Views : 173544
- EPF v/s VPF v/s PPF: Which One is Better?
Views : 168277
- NSC Vs PPF: Which is Better
Views : 84259
- LIC Senior Citizen Pension Scheme 2018
Views : 64190