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 media here to launch the party's campaign 'Gall Punjab Di', the SAD chief said he would hold 700 public meetings and address each and every section of the society during his 100-day yatra during the course of which SAD workers would go to each and every village and ward in the state.
Amidst the deteriorating situation in Afghanistan, the Indian government decided to recall all embassy personnel from Kabul and they were evacuated by an Indian Air Force C-17 aircraft on Tuesday. The IAF aircraft brought back 120 Indian officials, including the last batch of the Indian embassy staff and ITBP personnel, from the Kabul airport.
Newly-appointed Punjab Congress chief Navjot Singh Sidhu on Monday appointed Jalandhar Cantt MLA and his close confidant Pargat Singh as the new general secretary of Punjab Congress ahead of the Assembly elections in the state scheduled next year.
The police immediately rushed the duo to Ram Manohar Lohia hospital for treatment. The two have not been identified so far, and Delhi Police are probing the matter to ascertain the reason behind their action.
To boost 'ease of doing business' for micro, small, and medium enterprises (MSMEs), the Punjab cabinet, chaired by Chief Minister Amarinder Singh, on Monday approved a list of NOCs required for setting up of industry in the state.
The Cabinet approved the proposal of the Agriculture and Farmers' Welfare Department for the merger as per the recommendations of the Board of Directors of PAGREXCO and PAJL and the officers' committee headed by the Chief Secret
