Coal India brings big gift to pensioners, increasing pension fund by an additional 10 rupees
Dhanbad- Coal India has given a gift to coal pensioners in the golden jubilee year of its establishment. According to reliable sources, the approval to give a voluntary contribution of Rs 10 per tonne in the pension fund has been received from the Coal India Board. Now it will be sent to the Ministry of Coal for approval. As soon as approval is received from there, this amount will start getting into the pension fund. Till now, Coal India has been giving voluntary contributions of Rs 10 per tonne in the pension fund since September 2020. With the payment of a voluntary contribution amount of Rs 20, the pension fund will become more sustainable.
At present, the number of pensioners is high, while the number of contributors to the pension fund is decreasing day by day. Coal India is giving a contribution of Rs 10 per tonne in the pension fund. In such a situation, for the stability of the pension fund, the BOT of CMPF constituted a committee in June 2024 under the chairmanship of the Additional Secretary of the Ministry of Coal. The fourth meeting of the committee was held on January 8, 2025. It was decided that the responsibility of maintaining the stability of the pension fund lies with the Coal India management. At the same time, the meeting of the CMPF Board of Trustees (BOT) was held on January 17 under the chairmanship of Coal Secretary Vikram Dev Dutt. In this, emphasis was laid on strengthening the pension fund to run the pension scheme smoothly.
In the meeting of the CMPF Board of Trustees on January 17, it was agreed that Coal India should take responsibility for this. The Coal Secretary had talked about getting the proposal passed by the board for giving voluntary contribution amount by Coal India in the pension fund and starting to give the contribution amount. The Coal Secretary had instructed the Coal India Chairman to take a decision in the company board and send the proposal, so that the stability of the pension fund remains.
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