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.
Bengaluru City Police Commissioner, Kamal Pant, told reporters that the police teams were forced to open fire after firing warning shots in the air as the accused persons resisted the search teams' efforts to nab them.
On the occasion of Bhagat Kabir Ji Jayanti, the Chief Minister also announced that his government will soon disburse Rs 560 crore to the landless farm labourers under the Debt Waiver Scheme.
Custom officials at the Rajiv Gandhi International Airport here have seized 80 iPhones from two passengers arriving from Sharjah. They found the iPhones worth over Rs 1 crore while checking the luggage of the two passengers who had arrived by flight G9-458 on Wednesday.
The Maharashtra government on Wednesday approved Adani Airport Holdings Ltd (AAHL) to operate the upcoming Navi Mumbai International Airport in the adjoining Thane-Raigad region, an official said here.
The session ensued a detailed discussion about the rising air pollution as well as the steps that need to be taken up by authorities as well as the community to manage the deteriorating air quality.
After Punjab Chief Minister Amarinder Singh met the party panel on the state in the national capital on Tuesday, former Congress President Rahul Gandhi has stepped in to defuse the tension in the state unit. Gandhi has given utmost importance to the state, meeting stake holders who have sought time from him, said sources.
