IMPORTANT NEWS FOR CPF OPTED EMPLOYEES OF KVS

KVPSS has been striving since long for conversion of CPF into GPF cum pension scheme. As per the information furnished by the accounts section, KVS will have to incur an additional financial burden of Rs 39 crore and 61 lakh for switch over from CPF to GPF cum pension scheme in one financial year. This calculation has been done on the basis of 90 percent D.A. and includes only the present serving employees. This information has been telephonically divulged by a senior officer of KVS to Mr P. V. Chhikara, General Secretary, KVPSS. A proposal regarding the same has already been sent to the MHRD by KVS in the month of February 2014. KVS has made a fresh estimate of the approved expenditure.

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