Is there any point in finding a government job?
Government Job in India: I Employment should be government-sponsored or private. Pensions are available in old age, but even in youth, means of subsistence are required.The work has to be done according to the post in the government. Promotions are also done according to the rules, on the basis of seniority. In the private sector, a peon can also become a manager on the basis of merit. However, government work does not have to be done solely for the purpose of receiving a pension; one must also exercise responsibility and work.
It is a different matter that, as much as people want the government officials to be like bonded laborers, these rules are not in place yet. The NPS is running, and with it, you will get a pension equal to almost half of your salary on retirement. The problem with this is that there is no dearness allowance in this pension, which, once fixed, will be given as much as it is.
Is there any point in finding a government job?
Like the old pension scheme, the dearness allowance, which is given by the government, will not automatically increase. But there is a pension; people are not able to understand this. Therefore, to increase your pension, you will have to save a little more, which most people are not ready to do now. This is the solution to the real pension problem—that you save as much as possible.
Earlier, the attraction of a government job was no more, since the new pension scheme had been implemented. In the past, there was an old pension scheme, or, to put it simply, an old pension scheme in which our parents used to work. He was of very good quality. The provisions he had were excellent.
If you make pension the criterion, you should not work for the government. Pension benefits ended 18 years ago today. But on the contrary, the desire to get a government job has not diminished. Many people are wasting five to six years of their lives just for a peon’s job. The reason is higher income.