There is good news for the government employees-pensioners of Punjab. The old pension scheme can be implemented in the state before the Gujarat elections. It is reported that the state government has prepared a draft to give the old pension scheme and it can be placed in the cabinet meeting to be chaired by CM Bhagwant Mann on Friday. And then in a day or two the notification of OPS will be issued.
After this it will be implemented in the state, thus Punjab will become the fourth state, where the old pension scheme has been restored. If sources are to be believed, this scheme can be implemented in the state on the basis of Chhattisgarh, Jharkhand and Rajasthan. Under this, the employees who came in government service after 2004 will now get 50 percent pension of the last basic salary on retirement as per rules.
It is reported that employees who retired before March 31, 2022 will also be included in this, but both will have to be deposited by adding the amount received at the time of retirement and interest according to its GPF. 2,000 per month may have to be deposited in the form of Deposit Limited (NSDL). 50% of the money deposited in NSDL can be withdrawn on retirement and only 25% during service, so that the state government can pay the pension.
Less likely to change the rules
Earlier, the statement of Punjab Education Minister Harjot Singh Bains had also come to the fore, in which he had said that the notification regarding the restoration of the old pension scheme would be issued soon. The State Government will implement the scheme in the same manner as it was before January 1, 2004. While implementing the old pension scheme, there will be no change in it. Another promise made by the Punjab government will be fulfilled
Can influence Gujarat elections
The special thing is that the Bhagwant Mann government is preparing to issue the notification of Old Pension Scheme (OPS) in Punjab at a time when elections are due in Gujarat and Himachal Pradesh and AAP chief Arvind Kejriwal has come to power in both the states. Only promised to implement it. This step of the AAP government is being considered as a big decision in the interest of the employees.
Preparation to withdraw 17000 from PFRDA
Let us tell you that the CM had announced the implementation of the old pension scheme last month and now the Finance Department has prepared its blueprint, if sources are to be believed, the state government will deposit 17,000 with the Pension Fund Regulatory and Development Authority for payment of OPS. Can use the corpus fund of crore rupees, for this request will have to be made to the center. Since 10% of the salary of the employees and 14% of the basic salary for pension is contributed by the state government in this fund.
