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I keep hearing stories of govt employees getting good pension after retirement - for life.
And if the employee dies, spouse still gets 50%, or sth like that.
Not only can they live comfortably, they even buy property w/ this pension!
Is this a thing of the past, or still valid?
And if the employee dies, spouse still gets 50%, or sth like that.
Not only can they live comfortably, they even buy property w/ this pension!
Is this a thing of the past, or still valid?
Why shd govt pension be more than a decent amount per month? And index it to cost of living.
Am not sure about medical, but govt employees get free, or, reimbursed medical costs?
Not sure what a decent amount would be, but 30-35K sounds decent, no?
I hear stories of 75K-1L+.
Am not sure about medical, but govt employees get free, or, reimbursed medical costs?
Not sure what a decent amount would be, but 30-35K sounds decent, no?
I hear stories of 75K-1L+.
My problem isn't with any govt employee as such, it's w/ the system.
Govt already provides its employees far more job security than the pvt sector.
And regular Pay Commission based raises.
Except for Army & Police, most govt jobs are no more life-threatening than pvt jobs.
Govt already provides its employees far more job security than the pvt sector.
And regular Pay Commission based raises.
Except for Army & Police, most govt jobs are no more life-threatening than pvt jobs.
In the past, govt jobs didn't pay well, compared to the pvt sector.
But that has changed in the last decade or so.
Mind you, am not making a case against govt employees.
Just wondering whether there's a significant mismatch btwn govt & pvt sector as employer.
But that has changed in the last decade or so.
Mind you, am not making a case against govt employees.
Just wondering whether there's a significant mismatch btwn govt & pvt sector as employer.
Not sure, but is it common for the pvt sector to give pensions of 1L+ to its retired employees?
AFAIK, most pvt sector employees make their own arrangements for their post-retirement needs.
Like investments, savings, annuity etc.
They might get some gratuity on retirement, bas.
AFAIK, most pvt sector employees make their own arrangements for their post-retirement needs.
Like investments, savings, annuity etc.
They might get some gratuity on retirement, bas.
Brought up this topic cos I came across someone who gets a fat govt pension, has multiple (rented-out) flats in Indian metros. Children abroad. No tension (by his own admission).
Clearly I made the wrong career choice in life. :-)
Anyway, made me wonder why a fat govt pension?
Clearly I made the wrong career choice in life. :-)
Anyway, made me wonder why a fat govt pension?
No wonder there's so much demand for a govt job!
Ppl just want to get a govt job - at any level.
You have PhDs applying for the simplest of admin jobs.
No bureaucrat is obviously going to suggest review of govt compensation policy DOWNWARDS.
Politically also it is dynamite.
Ppl just want to get a govt job - at any level.
You have PhDs applying for the simplest of admin jobs.
No bureaucrat is obviously going to suggest review of govt compensation policy DOWNWARDS.
Politically also it is dynamite.
But it just doesn't seem fair to me.
The pvt sector cannot afford to give 75K-1L+/month pension to retired employees. Even if it could, it probably wouldn't.
And the govt can?
Why?
Just cos it's public ka paisa?
Why should pvt sector senior citizens suffer?
The pvt sector cannot afford to give 75K-1L+/month pension to retired employees. Even if it could, it probably wouldn't.
And the govt can?
Why?
Just cos it's public ka paisa?
Why should pvt sector senior citizens suffer?
Already "non-govt" senior citizens are under a lot of financial stress of late.
Their FDs in "safe" havens are either not that safe anymore, or are giving them far less returns as interest.
Usually their children step in & help, but many don't like to depend on others.
Their FDs in "safe" havens are either not that safe anymore, or are giving them far less returns as interest.
Usually their children step in & help, but many don't like to depend on others.
Anyway, ending this thread here now.
Once again, this is more abt govt policy than anything else.
Just asked to learn.
Apparently, for those joining govt after 2004, they have the same pension terms as pvt employees, under a National Pension Scheme (NPS). So some equity there.
Once again, this is more abt govt policy than anything else.
Just asked to learn.
Apparently, for those joining govt after 2004, they have the same pension terms as pvt employees, under a National Pension Scheme (NPS). So some equity there.
