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.
The required measures, including development of infrastructure like construction of roads, tunnels and strategic railway lines, are taken to safeguard the sovereignty, territorial integrity and security of India, the minister said.
He paid homage to the indomitable courage and sacrifice of the Indian Armed Forces personnel during the Kargil conflict in 1999 by laying a wreath at the Dagger War Memorial in Baramulla during a solemn ceremony.
In a report submitted to the Union Jal Shakti Ministry, the Delhi Government has stated that the minimum environmental flow for dilution of the polluted water in the Yamuna in Delhi will be required to meet the desired water quality levels in the river for bathing.
The farmers have rejected the meagre compensation awarded by the district revenue officers (DROs), who have been designated as competent authority for land acquisitions.
The police recovered a told of 19 vehicles including 12 motorcycles, 6 scooties, and one auto, from their possession. The accused persons of the first gang were identified as Mohit, Sachin and Gaurav, while the second gang members were identified as Wasin and Atul Raghav.
In addition to the existing flood-prone Assam, Bihar and Uttar Pradesh, extreme floods (water level above previous highest flood level) were seen in 10 more states, due to excess to large excess rainfall in these states combined with extremely heavy rainfall in short duration, the Parliament was told on Monday.
