Mr.Prince i certainly agree that when the times were good the company never gave them a pay hike and now when the situation is different then the first cost-cutting measure a company is taking is to cut back the pension of retirees who are in need of that money.It is certainly not right to treat company's former employees like this who have taken your company to the heights where it is now.
By
Jithesh Ramesh, Actuary Manager, Tata Aig Insurance Solutions
| 04 17 2009 09:03:20 +0000
yes agree with mr. sarakar on his view the times have changed, it was a complete different scenario and the times have surely changed now and with recession every thing has gone wrong and there is not enough funds to allocate pensions of so much amount now, it is just making sure that every body is getting some amount of pension and not getting at all.
By
Suhas Deshmukh, Client Servicing/Key Account Manager, ICICI Bank
| 03 20 2009 07:28:10 +0000
And above all the govt. is not having enough funds to pay everyone their their pension, they have decreased it so that all will get the amount though it may be less but would be enough to earn a living.
By
Mohit Sethi, Account Manager, ABN Amro
| 02 23 2009 04:22:18 +0000
|
Defenitely NO If we are in crisis cut down on our perks and spendings its in our times it has affected we have to bear it, not those who have served their mite and have endured such economic crisis in their times and gone thru it painfully . It is selfish on our part to think in those terms
By
Charles davison, Project Manager, Douglas OHI LLC
| 09 01 2009 08:03:19 +0000
Pension is the backbone of a retired person, if the spinal chord is cut how can he/she stand in the current situtation of inflation, raising prices, left out by children, day to day health hazards like H1N1 flu and what not in future due to global atomespheric change
By
Danaseker , Insurance Advisor/Analyst, ICICI Prudential Life Insurance
| 05 06 2009 14:16:40 +0000
Mr.B R LRao I completely agree with you.you just can't ignore people who have given their everything that they had for your company,the company should respect those people and instead cutting cost through their pension they should look at ways as how they can reduce their unnecessary expenses which are a real waste for the company.
By
Jyoti Rath, Sr. Associate, Barclays
| 04 16 2009 10:04:03 +0000
that is nowhere related for cost cutting concern with cut off in pension because it will make their life and their standard of living bit tough, so instead of thinking cost cutting of pension holder's think different ways for
raising the funds.............
By
SUSHANT AWASTHI, Business Operations
| 04 11 2009 06:22:57 +0000
BILKUL NAHIN BHAI ?
HUM APNE MAAN BAAP SE SAB KUCH LETE HAIN . US ZAMAANE MEIN KOI CORPORATE THORI THAA . KI 10 LAAKH PAY LEKE AARAAM YA VIRAAM SE RAHEIN.
WELL LEAVE THEM ALONE LET THEM HAVE HAPPY ENDING TO THEIR LIFE 'S MOVIE ATLEAST PENSION KE SAHAARE.
DON'T FORCE THEM TO BEG AND GO TO OLD AGE HOMES JUST FOR BLOODY DARN SELFISH INTERESTS OF THE YOUNG AND THE RESTLESS
By
Ajay Ziz, Dy. Registrar,, University of Jammu
| 03 20 2009 12:35:01 +0000
Yes i agree with Mr. Rao and Vijay here that it should not cut the pension of retirees, as they have worked all their life in an single organization whether in government or a Private one, not like the present generation where they move from one organization to another within a year, we are talking about people who gave everything for the organization, and these are the savings which will be useful for their future, and Government should not cut the pension of the retirees in order to cut the cost. This will be really shameful.
By
Nand Jha, Construction-Heavy, Sobha Developers
| 03 20 2009 07:19:42 +0000
It is the prerogative of any company to take care of their retired employees because they have strived hard during their prime age period for the betterment of the organisation. Earlier generation people use to work till their retirement in the same organisation unlike present situation. Hence what ever the growth the organisation achieved is purely because of their sincere and hard working
By
B R LRAO, Credit Analyst, EX-STATE BANK OF HYDERABAD
| 03 20 2009 06:19:43 +0000
I do not think it is better and I am strongly against govt.'s point of view. These are the people who have done their jobs and mean while saved for their living when they would not be able to earn, govt. is only paying their money back to them then why they should suffer from the slowdown. It is with the simple fact that it is their money aand they want it back.
By
Pankaj Gautam, Client Servicing/Key Account Manager, ICICI Bank
| 02 23 2009 04:18:12 +0000
|