Tuesday, March 17, 2026
ADVT 
India

Punjab Cabinet approves implementation of old pension scheme

Darpan News Desk IANS, 18 Nov, 2022 02:07 PM
  • Punjab Cabinet approves implementation of old pension scheme

Chandigarh, Nov 18 (IANS) Eyeing Gujarat elections, the Bhagwant Mann-led AAP government on Friday approved the notification for implementing the old pension scheme (OPS) in Punjab, directly benefitting more than 1.75 lakh government employees.

A decision to this effect was taken in the meeting of the council of Ministers held under the leadership of the Chief Minister here.

Disclosing this here today, a spokesperson for the Chief Minister's Office said the government has approved the OPS for its employees currently covered under New Pension Scheme (NPS), fulfilling a long-pending demand of employees of the state.

This will directly benefit more than 1.75 lakh employees currently covered under NPS. In addition to this, 1.26 lakh employees are already covered under the existing OPS.

The scheme is aimed at safeguarding the future of government employees and recognising their contribution towards the state. In order to ensure that the scheme being introduced is financially sustainable for the exchequer in the future also, the government will be contributing proactively towards creation of a pension corpus which will service the pension in future to the beneficiaries of the scheme.

This contribution towards the pension corpus will be Rs 1,000 crore per annum initially and will gradually increase in future.

Besides, the current accumulated corpus with NPS is Rs 16,746 crore for which the state will request Pension Fund Regulatory and Development Authority of the government of India to refund this amount for effective utilisation at its end.

MORE India ARTICLES

ED raids 11 locations in J&K in fake gun licences' scam

ED raids 11 locations in J&K in fake gun licences' scam
Enforcement Directorate (ED) officials carried out raids at 11 places in Jammu and Kashmir (J&K) in connection with the fake gun licences scam in which Rs 2.78 lakh were issued to non-entitled persons. The ED carried out raids till Thursday evening.

ED raids 11 locations in J&K in fake gun licences' scam

Youth's body found in traveller's bag in Delhi

Youth's body found in traveller's bag in Delhi
"As the police reached the spot, they found a purple colour traveller bag in which an unknown body of male, 20/22 years old, with throat slit injuries, was stuffed," said the official, adding the body was clad in white kurta pajama.

Youth's body found in traveller's bag in Delhi

GKPD condemns Kejriwal for 'The Kashmir Files' remarks

GKPD condemns Kejriwal for 'The Kashmir Files' remarks
The Global Kashmiri Pandit Diaspora (GKDP) has taken strong exception to Delhi Chief Minister Arvind Kejriwal's recent remark on the film 'The Kashmir Files'. "Where is the question of making it (the film) tax-free," Kejriwal said on Thursday, while reacting to the demand for making 'The Kashmir Files' tax-free.

GKPD condemns Kejriwal for 'The Kashmir Files' remarks

Punjab CM receives complaint on corruption helpline

Punjab CM receives complaint on corruption helpline
The anti-bribery helpline 9501 200 200 has received around 20,000 complaints so far. However, a majority of these do not have an audio or video proof to support their claim.

Punjab CM receives complaint on corruption helpline

Bihar Panchayat official faces probe over 'liquor party' in office

Bihar Panchayat official faces probe over 'liquor party' in office
As per the video uploaded on social media, and not authenticated by IANS, Bhim Kumar is seen consuming liquor along with other people including a girl in a semi-nude position at his office-cum-residence, allocated to him by the state government.

Bihar Panchayat official faces probe over 'liquor party' in office

SC reserves verdict on plea for enhancing Sidhu's sentence in 1988 road rage case

SC reserves verdict on plea for enhancing Sidhu's sentence in 1988 road rage case
Senior advocate A.M. Singhvi, representing Sidhu, submitted before a bench headed by Justice A.M. Khanwilkar that sentence was a discretion of court and no interference, could be done, except in cases of death penalty, given in rarest of the rare cases, and in the present case, there is no need to have a relook at the 2018 judgment.

SC reserves verdict on plea for enhancing Sidhu's sentence in 1988 road rage case