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.
Moosewala, 29, was brutally murdered on May 29 by assailants who fired multiple rounds at him near his native village in Punjab's Mansa district. He was rushed to a hospital where the doctors declared him brought dead.
The gangster had moved the high court after a NIA court of Patiala House Court junked his plea on Monday. In the plea, he sought a direction to the Delhi Police and the Tihar Jail authorities to ensure all necessary security arrangements for him.
The decision taken by the government will at least save Rs 35 crore annually, which was incurred on printing of stamp papers, besides facilitating the public to obtain stamp papers in a hassle-free manner.
He was found soaked in blood on the driving seat of the Mahindra Thar SUV. There were two more occupants in the car -- Sidhu's friends, Gurwinder Singh and Gurpreet Singh.
As per the information, Shubhdeep Singh, popularly known as Sidhu Moosewala, who left his house around 4.30 p.m. on Sunday along with two persons -- Gurwinder Singh (neighbour) and Gurpreet Singh (cousin), was shot dead by some unidentified persons.
The gallantry awards were given to the personnel of the armed forces, central armed police forces and state/Union Territory police forces for displaying conspicuous gallantry, indomitable courage, and extreme devotion to duty.
