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.
At a virtual Covid-19 review meeting, the Chief Minister said vaccine effectiveness is evident from the data being analysed. Special efforts were made to reach out to the government employees, and those who continue to avoid getting vaccinated will now be asked to go on leave till they get the first dose.
DGP Dinkar Gupta said with the case load decreasing, people had started being lax about wearing masks, which the Health Department should strictly enforce with the help of the police.
Additional Chief Secretary Devendra Singh and Deputy Commissioner of Karnal Nishant Yadav are participating in the meeting. From the farmers side, BKU president Gurunam Singh Chaduni and the state leadership will present their demands.
Bharatiya Kisan Union (BKU) leader Balbir Singh Rajewal told the media here after the day-long deliberations with the political parties, except the BJP, that they had told the political parties not to hold big rallies till elections in the state are announced.
Naqvi further stated that the long-pending demand of Kartarpur Corridor has been fulfilled and the government has also decided to start the 'Gurudwara circuit train' that will take passengers on a pilgrimage across the country.
