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 Shiromani Akali Dal (SAD) on Friday condemned the Congress government in Punjab for allegedly discriminating against teachers and forcing them to come to the streets, and asked state Education Minister Vijay Inder Singla not to behave in an 'arrogant' and 'dictatorial' manner and resolve the grievances of government school teachers immediately.
Shiromani Akali Dal (SAD) president Sukhbir Badal on Thursday demanded a high court monitored probe into the manner in which the Congress government in Punjab was playing with the people's lives by creating an artificial shortage of vaccines by selling vaccine doses at a hefty profit to private hospitals.
The electronic conversation took place as US President Joe Biden announced on Thursday that India will receive Covid vaccines directly from the US stockpile, the White House said.
The Chief of Army Staff (COAS), General M.M. Naravane, reached Kashmir on Wednesday on a two-day visit to review the prevailing security situation in the Union Territory (UT), the army said in a statement.
"There have been several unfounded media reports that have peddled misinformation among the masses regarding this exercise of national importance," a ministry statement said, adding that the total number of Covid vaccine doses administered in the country so far stand at 21,85,46,667.
The Congress said that it was "appropriate for our initial statement to note that the intrusion by Israeli forces into the Holy Al Aqsa mosque during Ramzan prayers had ruptured the delicate peace in the region".
