The retired employees of the Oil and Natural Gas Corporation (ONGC) have been undergoing through a very excited phase since the newS relating to a monthly payment of 30% of the existing maximum of revised pay scales of the posts on which they retired irrespective of their dates of retirement. It is guessed that an announcement to this effected is likely to be made by the CMD of the Corporation on 14th August, 2010, which happens to be the ONGC Day. Some people are of the view that the amount of Ex-gratia and PRBS already beong paid to the retired employees would be deducted from any such payment where-as some feel it would be simply a profit sharing having no relation to PRBS or Ex-gratia.
It has reliably been learned that at the back-ground of above, there are some developments where CMD of ONGC has formed a high level official Committee consisting of some former senior executives of ONGC for the express purpose of formulating a viable scheme for the welfare of retired employees out of the Welfare Fund as per directive of BPE vide its order dated July, 2009. The Committee so formed, has already submitted its recommendations on June 12, 2010.Actually, the above Welfare Fund is the same Fund/Corpus as recommended by the 2nd PRC headed by Justice JR Rao whereby 1.5% of Profit Before Tax (PBT) is to be ear-marked by all the PSUs for the welfare of their retired employees who are not adequately covered under Pension or Medical Schemes. In view of the above developments, payment for the F.Y 2007-08,2008-09 and 2009-10 have already become due.
Blessing in disguise ! It is not known in what shape it would be , but there , certainly , is some thing good in the offing which would enthuse the retired employees of ONGC to celebrate the ensuing Independence Day with more pomp and show.
JAI HO !
(PLEASE OFFER CONSIDERED COMMENTS.WIDE PARTICIPATION IN ALL SUCH MATTERS BY THE RETIRED EMPLOYEES WOULD CERTAINLY SAFE-GUARD THEIR INTERESTS)
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Nothing happened on 14th or 15th so is it all over ....... ?
ReplyDeletemost likely on 25th august when ongc board meets to discuss some issues.
ReplyDeleteLook nothing happened and nothing is going to happen ...
ReplyDeleteYes, it's true. Nothing has happened so far. Our associations are also quiet.The CMD briefly mentioned in his 14th august speech that something is being worked out for retired employees. HOW LONG SHALL WE WAIT.
ReplyDeleteMany years back, BCCI had raised the money package of the indian cricket players. Along with that all retired crickters (including Vijay Hazare of Baroda) were also benefited by a handsome monthly pension announced by BCCI.
Similarly, along with a recent raise in the salaries and perks of our MP'S in the parliament, the pension of MP's is also raised to 20000 pm.
Just below a photograph of our CMD in the main auditorium of the ONGC officer's club at Baroda the following caption is written.
"I SHALL LEAD BY EXAMPLE " R S Sharma CMD ONGC
I HOPE OUR CMD WILL FOLLOW THE EXAMPLES OF BCCI AND MP's AND BRING US AT PAR WITH OTHERS.
I retired as Dy GM in 1993 and am getting only Rs 1582 per month as PRBS.
o d singh
it is indeed sad that even after so many years nothing has happened ,my father passed away waiting for the same and now my mother keeps waiting for the scheme to be implemented ..............i sincerely hope that sense prevails and some good news is round the corner
ReplyDeleteanother ongc employee mr a p lamba passed away on the 17th of sep 2010 ,he also kept waiting for the pension scheme to be announced and implemented,he kept calculating and counting ,the monthly pension that he will get ,now his wife remains and she will also keep waiting .............................for how long .........no one knows??????????????
ReplyDeleteउमेद पर ही जिन्दगी है I
DeleteKuch tho dena is good. Since he is retiring by the end of Jan 2011, H can we retired expect any thing from the Chairman?
ReplyDeleteA.ravindranath
Retd. Supdtg. Librarian
Those who are the policy makers are going to be retired sooner or latter then they will come to know the value of money and how much does it matters for timely implementing of policy.
ReplyDeleteGood news the file has been cleard by the govt. So yes "Kuch tau milega " zaroor
ReplyDeleteLAST NEWS IF IT IS TRUE , GIVES A RAY OF HOPE
ReplyDeletewhat is the latest news. it is now 29september 2011.What is ONGC doing .. nothing.. i think waiting for the death of ex-employees with sufferings
ReplyDeleteSuch a long rope and we the retirees are sitting tight.....
ReplyDeletekuch to karein vasudev sir.kuch to chale gaye hain is duniya se aas mein aur jo bache hain wein bhi jaane wale hain
ReplyDeleteThe wait is about to be over soon, some good news is about to come....
ReplyDeleteIndependay 2013, CMD announced two PRBS scheme for (i) those retired before 1.1.07 and (ii) for those who retired on or after 1.1.2007. Almost two months are now expiring but nothing has come so far. How retired employees are treated, ONGC is the most careless organisation, earning so many awards on different forums, but nothing for those who did their best to make ONGC,s sustained growth and put at the present status globally. If there is any award for treating their retired employees, ONGC will be the bottom company among the Maharatna PSUs.
ReplyDelete