Sufferings of retired govt servants
Most of the retired govt servants nowadays sell out their pension to the govt and invest the sale proceeds in National Savings Bureau under the NBR. They somehow manage their retired life by the profit earned from this savings scheme. About three months back, the govt suddenly decided to deduct 10% from the profit earned by each individual saver--retired government servants. Simply on the strength of a G.O. the basic offices started deducting 10% from each and every withdrawal of profit. Objections were raised, but there was no result. The retired government servants had to receive the amount.
Again, at the highest level it was decided that only the cases where the total amount of profit exceeded taka 1.5 lakh would be subject to the deduction. If a person's total amount of profit is 2 lakh, he would have to pay 10% from fifty thousand only. Till today (24.10.07) no ordinance has been promulgated in thus respect. As a result, no rules, regulations have been framed and for that matter no year, month or date of commencement has been fixed. But the basic savings offices have been deducting the amount for the last three months. I talked to the Director, Savings Directorate, twice but he could not give any solution.
Strange it is that without any law the retired government servants are being subjected to this sort of deprivation. I'm bringing it to the notice of the competent authorities.
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