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 Indian Prime Minister has always put the nation's unity and integrity above all other considerations, and perhaps therefore chose not to give any handle to vested interests, particularly Pakistan sponsored and funded elements, to create divisions and instability in Indian society, and especially among Sikhs.
Addressing a public gathering here, Channi categorically said people are being unnecessarily harassed by the cable mafia by levying hefty charges which would not be tolerated anymore in future.
Hitting out at Navjot Singh Sidhu, the BJP on Monday said that Punjab Congress chief is creating unwarranted fears in the minds of farmers by suggesting that the Centre had plans to do away with the MSP system.
After literally turning a deaf ear to the farmers’ issues for over a year, Indian Prime Minister Narendra Modi on Friday, November 19, 2021, in a dramatic move, announced the withdrawal of the three controversial farm laws, which were at the heart of the farmers’ protests across the country.
Earlier, Dhesi sent a letter, signed by over 100 British MPs and Lords, to Prime Minister Boris Johnson on the ongoing farmers' protests, asking him to raise this matter with his Indian counterpart Narendra Modi when they next liaise.
The Chief Minister told the media here that for more than a year since the Central government had brought three agriculture laws for the benefit of farmers, especially small and marginal ones, unfortunately, some farmer unions had been protesting on the Delhi borders.
