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.
In a statement released here, Sirsa said he had claimed from day one that the excise policy of Delhi and now of Punjab has been framed to benefit large contractors from whom the AAP wanted to get election funds to contest elections in time to come in Himachal Pradesh and Gujarat.
Some of the accused arrested by the Punjab Police have revealed the name of Lawrence Bishnoi as the main culprit who hired them to execute the killing of Moosewala.
In the next five years, the Bhagwant Mann-led government, which is silent on its crucial poll promise of Rs 1,000 allowance for each woman over 18 years, will set up 16 medical colleges. With this, the total number of medical colleges will rise to 25.
During sustained interrogation, the accused persons revealed that they smuggled cigarettes via Cambodia. Earlier, they used to smuggle cigarettes via Dubai but due to heavy restrictions on the route, they changed the route to via Cambodia to bring cigarettes to India.
On the first day of Budget session, the House paid respects to former ministers Hardipinder Singh Badal and Jathedar Tota Singh, besides formers MLAs -- Sukhdev Singh Sukhladhi and Shingara Ram Sahungra.
The White Paper on state's finances is an attempt to simplify the complex issues being faced by the state government and clearly apprising the common man of the present situation inherited by the incumbent AAP government.
