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.
Senior Superintendent of Police Swapan Sharma told the media that Babbi was in touch with the members of the Ajaib Khan gang lodged in a Sangrur jail with whom he had hatched a conspiracy to eliminate rival gangsters Mani Sheron and Feteh Nagri.
Prabhjot Singh Katri was found murdered early on Sunday morning near his residence in the city of Truro in Nova Scotia. The victim came to Canada from India in 2017 for higher studies. After finishing his studies, he was on a work visa and was driving a cab to earn his livelihood.
Demanding a law to ensure cost based remunerative price for farmers' produce, the RSS affiliate Bharatiya Kisan Sangh (BKS) will hold nationwide demonstrations on Wednesday (September 8). The BKS said that the government should give remunerative price to farmers or explain that their demand is wrong.
The joint call to action comes from non-attainment cities like Ludhiana, Amritsar, Khanna, Patiala and others reeling under poor air quality, and not just during winters.
In his address in the Assembly's special session to mark the commemoration of 400th Prakash Purb of Guru Tegh Bahadur, he stressed that the Sikh faith is distinguished by the tradition of martyrdom to uphold principles and righteousness given to "us by our great Gurus".
A total of 40.8 per cent people have shown satisfaction with Congress leader Rahul Gandhi in the five states going to the polls next year, while 41.3 per cent showed dissatisfaction with him, as per the ABP-CVOTER-IANS BATTLE FOR THE STATES - WAVE 1.
