One rank, one pension for HC judges, rules Supreme Court - The Hindu
One rank, one pension for HC judges, rules Supreme Court - The Hindu
My view:
My view:
This is a welcome move and should set at rest the impression
that ‘social security’ is about protecting the livelihood needs of the poor
only. The roots of several corrupt practices can be traced to disparities in
compensation structure. The purpose of pension is to ensure the employee who
has spent his life serving an organisation/system/service gets a regular income
post-retirement to meet the lifestyle needs of himself and his family
commensurate with those while in service. Thus protecting the purchase power of
the pension amount is also part of the social responsibility of the employer.
Several veterans are continuing to ‘serve’ in different capacities
post-retirement only to earn their daily bread.
that ‘social security’ is about protecting the livelihood needs of the poor
only. The roots of several corrupt practices can be traced to disparities in
compensation structure. The purpose of pension is to ensure the employee who
has spent his life serving an organisation/system/service gets a regular income
post-retirement to meet the lifestyle needs of himself and his family
commensurate with those while in service. Thus protecting the purchase power of
the pension amount is also part of the social responsibility of the employer.
Several veterans are continuing to ‘serve’ in different capacities
post-retirement only to earn their daily bread.
M G Warrier
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