Latest News That Matters

Old Pension Scheme Update: Old pension scheme implemented in this state, cabinet approved, check complete details

Old Pension Scheme Update: Old pension scheme implemented in this state, cabinet approved, check complete details –

Old Pension Scheme news: The joy of state employees has come. The government has implemented the old pension scheme. The Punjab government approved it on Friday. After approval in the cabinet meeting, Chief Minister Bhagwant Mann himself announced that the old pension scheme has been notified.


Old Pension Scheme news: The joy of state employees has come. The government has implemented the old pension scheme. The Punjab government approved it on Friday. After approval in the cabinet meeting, Chief Minister Bhagwant Mann himself announced that the old pension scheme has been notified. Now all the employees will get its benefit. CM Mann said that the Aam Aadmi Party government had made a promise and we have fulfilled it.

Plan was made 1 month ago
About a month ago, in the cabinet meeting, the Punjab government had made up its mind to restore the old pension scheme for the employees. There was a demand of the employees for a long time that the old pension scheme should be implemented for them. State Finance Minister Harpal Singh Cheema had also said that the employees should get the option to opt for the old pension scheme.

OPS advantage over NPS
At the state level, continuous agitations were going on regarding the Old Pension Scheme. After the government of Rajasthan and Chhattisgarh, the old pension scheme has been implemented in Punjab. After 2010, the government has appointed employees under the New Pension Scheme (NPS). In this scheme, the employees get very few benefits as compared to the old scheme. Their future is not secure because of this. The government will have to pay tax on the money received after retirement.

Read Also šŸ‘‰:-  Employee Pension Scheme: How long the contribution will have to be made in the PF account to get the pension? Learn about the benefits

3 big advantages of old pension
OPS was a pension scheme in which pension was made on the basis of last drawn salary.
With the increase in inflation rate in OPS, DA (Dearness Allowance) also used to increase.
Even when the government implements the new pay commission, it increases the pension.

Share via
Copy link
Powered by Social Snap