Same pension scale for Parliamentarians and Government employees
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In the present scenario, since August 2010, an MP is paid a basic salary of Rs 50,000 per month and a pension of Rs 20,000 per month after retirement. An ex-MP is entitled to pension even if he becomes a member of Parliament for a day. If a person serves as member of Parliament for more than one full term, the amount of pension increases by Rs 1,500 for every year as an MP. Moreover they are entitled to travel free in AC I class alone and AC IInd class for free without any charge with one companion. The income of an MP is also tax free. Article 106 of our Constitution gives Parliament the authority to decide the salaries and allowances of MPs. Thus should MPs as the highest legislators decide their own salaries, allowances and pensions by passing a law in Parliament? Does this not create a conflict of interest?
Another perspective is related to the common man i.e., salaries and allowances of a common man and for which a general rule is prevalent under NPS Under the new pension scheme, those who retire can withdraw 60% of the lump sum together and the rest 40% remaining balance they will now use towards the purchase of life insurance annuity scheme.
Thus the gravity of the service done by the Parliamentarians and the benefits availed by them has no compatibility.
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