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 former Punjab CM also said that he is hopeful of a seat-sharing arrangement with the BJP for next year's Assembly elections in the state, if the farmers' issues are resolved in their interest.
According to the firm, the event will provide an opportunity to the game developers, publishers and creators across India to build, grow their communities and monetize on Facebook.
Suggesting Kejriwal to keep himself up to date, the minister said the state government has already executed the Punjab Anti-Red Tape Act of 2021 to promote effective administration of public affairs through simplified and trust-based procedures that shall expedite processes and make governance efficient.
A senior party functionary said that the fact that the BJP has never been in power in Punjab on its own, this time the party is leaving no stone unturned and the central leadership is regularly reviewing the poll preparedness of the state unit
The police had been conducting raids to arrest Ankit Das who is the nephew of former MP, late Akhilesh Das. A notice had been pasted at his residence residential address in Lucknow.
Channi also accompanied the martyr's nephew and his father to lit the pyre of the braveheart who made the supreme sacrifice in the line of duty in a gunfight with the terrorists in Poonch sector in Jammu and Kashmir on October 11.
