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.
Despite mobile phones are prohibited inside a meeting room where prisoners meet with the visitors, this incident has brought forth the lapses on the part of the jail administration.
In a bid to highlight the rising air pollution as well as the serious health hazards faced by the people, a group of organisations, think tanks and civil society groups have joined hands to form 'Clean Air Punjab'.
Few hours after Prime Minister Narendra Modi spoke to West Bengal Chief Minister Mamata Banerjee on the flood situation in the state, the latter wrote a letter to the Prime Minister, describing the flood as a ‘man made one', alleging that the "unprecedented release of water from the Damodar Valley Corporation (DVC) dams Panchet, Maithon and Tenughat" is responsible for the situation.
The incident took place on Sunday night and the victim's family members have alleged that the accused stuffed cloth into the girl's mouth and raped her.
