PFRDA Bill in Parliament

PFRDA Bill would be presented in Lok Sabha today and it would be passed with the help of the main opposition party BJP.An agreement  was reached on a dicussion with opposition leader Sushama Swaraj and the Government to pass the bill in the current session of the parliament.The bill if passed in the parliament will end the existing  statutory pension scheme which ensures aguarantee in pensionary benefits of an employee on his retirement.The Fund collected under contributory pension scheme of PFRDA bill would  be deposited in the share market by the designated fund managers such as ICICI, Reliance etc and the share market will decide the future of the pensioner.The CPI(M) leader Sitaram Yechuri has said the party will oppose the bill and press for amendmends in the bill in parliament to ensure guaranteed pension.CHQ calls all the units to conduct protest rallies and meetings today. 

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