As per a call by Central General Insurance Employees’ All India Joint Forum, it Odisha unit on Wednesday staged lunch-hour demonstrations in front of all four GI Companies’ Regional Offices like Oriental Insurance, National Insurance, United India Insurance and New India Assurance at Bhubaneswar and protested against the unilateral decision of the Finance Ministry and the GIPSA management for implementation of KPI, restructuring of companies’ present setup, change of employees’ service conditions and benefits, individual performance-linked wage revision from 01.08.2022, engagement of private agencies having no experience for restructuring of PSU companies without any accountability.
They demanded immediate enhancement/ approval of 30% family pension, pension to all employees under the Pension Act 1995 those who have joined on or after 01.04.2010, deposit of management contribution 14% in the NPS account of employees till they are covered under the Pension Act.
It was decided that if the demands are not fulfilled by the Finance Ministry on or before January 2, 2023, all the offices of four companies would not function on January 4 as 55,000 employees would join in a strike.