Employees seek extension of benefits in case of Air India privatisation




Employees Union has asked for a meeting with Civil Aviation Minister seeking extension of the medical scheme, leave encashment and provident fund benefits in the event of privatisation of


In a letter to Puri, the AIEU said that the existing medical scheme in should be continued as it is for the serving and retired employees.



On provident fund, the union said that there are two separate Provident Fund trusts in erstwhile Air India and erstwhile Indian Airlines which are governed by the 1925 PF Trust Act.


“We would like these trusts to be continued as it is in the case of privatisation/disinvestment of Air India,” the union said.


On leave encashment, AIEU said there is a practice of availing the benefit of leave encashment at the time of retirement.


“Several employees depend on this benefit to lead a decent retired life. We fear this benefit may be discontinued in case of privatisation of Air India and employees will suffer huge financial losses. Therefore, AIEU would like to propose that the employees should be paid leave encashment allowance till March 31, 2021,” the letter said.


–IANS


san/dpb

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *