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.
Congress leader Rahul Gandhi on Tuesday rode a bicycle to the parliament in protest of rise in fuel prices particularly petrol which has crossed Rs 100 per litre mark in various parts of the country.
Prime Minister Narendra Modi on Tuesday said that opposition parties are insulting parliament and the constitution by disrupting it. Prime Minister Modi was speaking at BJP's parliamentary party meeting.
While launching the vision card for Delhi for the next 25 years, Kejriwal said the initiative is to prepare a roadmap for the development of the city in all sectors, including health and education.
The journalists body also sought issuance of guidelines on surveillance on Indian citizens and safeguarding them from electronic surveillance, spying and hacking.
In a written reply to an unstarred question in the Lower House, the Minister of State for Home Affairs, Nityanand Rai, said that three cases have been registered by the Delhi Police in connection with the violent attacks on students and some teachers on the JNU campus last year.
The 79-year-old Governor's actions "led to outrage" at the Cabinet meeting, presided over by Chief Minister Uddhav Thackeray with Deputy Chief Minister Ajit Pawar and ministers of all three allies - Shiv Sena-Nationalist Congress Party-Congress - present.
