Hyderabad: Over 3.5 lakh state government employees have threatened go on leave en masse on September 1 demanding scrapping of the Contributory Pension Scheme (CPS). Telangana Udyogual Sangham has also extended support to the strike.
“The financial condition of Telangana government is good. There is no need to continue 1.10 lakh employees in the CPS while the majority are covered under the OPS.
Employees and their families covered under the CPS are facing hardships in claiming pensions. Savings are put to market risks by investing in stock markets and mutual funds,” said A. Padma Chary, president, TUS.
Teachers associations such as PRTU, UTF etc have also extended support to the strike.