The LDF government in Kerala has set up a panel to re-examine the contributory pension scheme and give recommendations on the implications of wthdrawing it and re-introduce the statutory defined benefit pension scheme. The contributory pension scheme was introduced in Kerala by the previous Congress led UDF government with effect from 01-04-2013.
The committee with Shri. Sathish Chandrababu, former District Judge (Chairman) and Shri.P.Marapandian, Former Additional Chief Secretary and Shri. D.Narayana, Director, Gulathi Institute of Finance and Taxation as members is asked to submit its report within six months.
It is a welcome move and reflects the commitment of the LDF government to the promises given in the election manifesto.