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 minister and his son are accused in the October 3 incident in which nine persons, including four farmers, were mowed down by SUVs. The minister's son Ashish Mishra has already been arrested.
It's likely that Sidhu will put forth the list of demands in the Punjab government as he is upset with the appointments in the government. He has resigned from the post of state president, but it has not been accepted yet by Sonia Gandhi. The meeting gains significance as it comes ahead of the CWC meeting.
The civil secretariat houses the top offices of the government, including those of the Lt. Governor Manoj Sinha and his advisors. Police tried to intervene to restrain the mourners from carrying out the sit-in outside the civil secretariat.
"My son will go to the police tomorrow and assist the probe. He has not escaped anywhere," Mishra said on his arrival in Lucknow. He said that his son was very much in their house in Lakhimpur.
Punjab Congress President Navjot Singh Sidhu on Friday proceeded on indefinite fast in support of his demand for action against Ashish Mishra, the son of Union Minister Ajay Mishra and main accused in Sunday's violence in which nine persons, including four farmers, were killed.
Following a tipoff, the DRI sleuths swooped on the port on October 4 and detected the huge narcotics contraband, valued at Rs 125 crore, among boxes of a cooking oil container arriving from Iran and are now probing the possibility of a bigger drug smuggling racket with international ramifications for India and other countries.
