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.
Incessant rains last week coupled with huge volumes of water from the Damodar Valley Corporation (DVC) have led to flood-like situation in seven districts of West Bengal, leaving at least 8 dead and displacing over 3 lakh people from their homes in the last four days.
The government is implementing market information system where the prices of vegetables are collected through Agricultural Produce Market Committee (APMC) mandis and disseminated for its use by the farmers through Agmarknet portal, mobile applications etc. for better price realisation, he said.
Seeking to woo voters ahead of the Punjab Assembly polls, Shiromani Akali Dal (SAD) President Sukhbir Badal on Tuesday announced providing free electricity up to 400 units per month to all households and waiting outstanding power dues of residential bills of 'blue' card holders.
Two Border Roads Organisation (BRO) officers lost their lives during rescue and relief operations in Himachal Pradesh, which is witnessing flash floods and landslides due to heavy rainfall.
In recorded telephonic calls to journalists, the caller identified himself as Gurpatwant Singh Pannun and said, We will not allow Jai Ram Thakur to hoist the Indian tricolour. Himachal Pradesh was part of Punjab and we are seeking a referendum in Punjab.
