Punjab Cabinet approves implementation of old pension scheme
Darpan News Desk IANS, 18 Nov, 2022 02:07 PM
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.
The Central Bureau of Investigation (CBI) on Thursday said that they have arrested a senior DSIIDC official and another man in connection with a a Rs 1.70 lakh bribery case. The accused were identified as Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) senior manager S.K. Singh and Subhash.
Just a month away from the Assembly polls in Punjab, the Sanyukt Samaj Morcha (SSM), a group of farm organisations, in its maiden electoral foray after getting the Central agricultural laws revoked, on Wednesday released its first list of 10 candidates out of 117 seats.
After the Model Code of Conduct came into force in the state for the Punjab Vidhan Sabha elections, enforcement teams have seized valuables worth Rs 23.8 crore in violation of code, besides confiscating unaccounted cash till January 12, Chief Electoral Officer (CEO) of Punjab S. Karuna Raju said on Thursday.
Channi expressed regret while participating in a virtual meeting chaired by Prime Minister Modi with Chief Ministers and Lieutenant Governors/Administrators of states and UTs to review the prevailing Covid situation as well as the ongoing vaccination drive.
Unveiling the first set of plans in his Punjab Model with focus on resurrection of Punjab, Sidhu, in the absence of Chief Minister Charanjit Singh Channi and his Cabinet colleagues, told the media here: "Punjab Model is people's model, an effort to give a roadmap to return power to people."
Union Minister Hardeep Singh Puri on Tuesday said that he "personally" feels that alliance with the Shiromani Akali Dal (SAD) in Punjab had cost the BJP heavily.
