The old pension scheme has been approved by the state government. Notification has been issued for this. This decision taken in the cabinet meeting will benefit 175,000 employee pensioners.
Old Pension Scheme: There is good news for state government employees and pensioners. Taking important decisions in the cabinet meeting, the old pension scheme has been implemented by the state government. With the issuance of the notification, approval has been given to re-implement the pension scheme which was closed in 2004.
The cabinet was chaired by Punjab Chief Minister Bhagwant Mann on Friday. During this, he said that the cabinet has approved the old pension scheme. Detailed information will be given soon. Lakhs of employees will be greatly benefited by this.
Challenging the use of funds deposited in PFRDA
It was being speculated that Rs 17,000 crore of funds deposited in the PFRDA could be used by the state government to repay the old pension scheme. However, getting money from PFRDA by the state government will be a big challenge.
creation of pension fund
On which these schemes do not have to face financial problems in future. For this, the state government will actively contribute in creating a pension fund. Pensioners will continue to get benefits from this fund. Under the rules of the government, initially Rs 1000 crore per year will be deposited in the pension fund. However, gradually this amount has to be increased. Earlier, the Chief Minister of Chhattisgarh had demanded Rs 17,000 crore from the employees deposited in PFRDA. Which was rejected outright by PFRDA.
Notification issued for old pension scheme
Notification has been issued for the old pension scheme. This decision will benefit more than 175,000 government employees. 1 month ago in the cabinet meeting it was decided by the Punjab government to roll out the scheme for its employees. If Finance Minister Harpal Singh Cheema is to be believed, the employees will be given the option to opt for the old pension scheme.
Punjab became the fourth state to implement OPS
With the implementation of the old pension scheme in the state, Punjab has become the fourth state to implement it. After Chhattisgarh, Rajasthan and Jharkhand, now it has been implemented in Punjab. Along with this, on the retirement of the employee who came in government service after 2004, he will be given the benefit of 50 percent pension on his last basic salary.
