Business Standard

Letter to BS: A 50% pension cut is like adding insult to injury

A 50% cut on pensioners, as announced by the Te­lan­gana government, is insensitive

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Business Standard
Apropos your news report “After Te­langana, Maharashtra becomes second state to cut govt workers’ pay” (March 31). The announcement is not only bold but also inevitable. It re­mains to be seen whether the central government would follow suit. Pay cuts, though painful, are preferable to job losses. In the wake of the 2008 financial crisis, many employees in the private sector faced both. On the other hand, the central government employees are used to getting hikes from every pay commission, which is invariably followed by the state governments, with most of them re­portedly spending over 90 per cent of their

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