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.
Addressing the gathering during a function to mark the death anniversary of former Punjab minister and Congress leader Santokh Singh Randhawa here, the Chief Minister thanked Prime Minister Narendra Modi and Union Home Minister Amit Shah for re-opening the Kartarpur corridor ahead of Prakash Purb of Guru Nanak Dev.
In a three page letter written on November 8, Tewari said, "I am requesting Punjab Chief Minister Charanjit Singh Channi to kindly ensure 50 per cent reservation granted to Mazhabi Sikhs & Balmikis out of 22.5 per cent way back in 1975, is upheld when matter comes up before a 7 or 9-Judge Bench of the Supreme Court when constituted shortly."
The Supreme Court on Monday sought an action plan within 24 hours from the Centre and state governments, detailing steps taken by task forces to stop air pollution caused by vehicular traffic, construction work, stubble burning, power plants, entry of heavy vehicles, dust, etc.
The Supreme Court on Monday said it will also consider the names of some retired apex court judges to monitor day-to-day investigation in the Lakhimpur Kheri violence incident. The top court also directed the Uttar Pradesh government to upgrade its task force investigating the matter with some high-ranking officials.
According to the officials, now the foreign travelers will be allowed to visit India without a mandatory quarantine. The government's move came 20 months after the pandemic situation improved in the country.
Gurkirat Singh, who was the chief guest at Punjab Day Function held during the ongoing India International Trade Fair 2021 at Pragati Maidan, also urged the Central government for reopening of Kartarpur Corridor, which has been closed since March 2020 due to Covid-19 pandemic.
