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.
Though the bench of Justice Anu Malhotra issued a notice in the kidnapping matter, it did not issue any notice in another petition filed by the Punjab government seeking quashing of a Delhi Court order for finding Bagga which led to his release from the Punjab Police's custody. The matter will be heard in detail further on May 26.
First-time legislator Singla, 52, a dentist by profession, won from Mansa. He defeated popular Punjabi singer and Congress candidate Shubhdeep Singh, also called Sidhu Moosewala, by a margin of 63,323 votes, the highest winning margin in the election. Singla did Bachelor of Dental Surgery from Punjabi University, Patiala.
The operation was launched by the DRI after it developed specific intelligence, over a period of several months, that two Indian boats would be sailing from the coast of Tamil Nadu and would receive narcotics in huge quantity somewhere in the Arabian Sea.
On December 27, 1988, the cricketer-turned-politician and one of his friends, Rupinder Singh Sandhu, had on December 27, 1988, hit Gurnam Singh, 65, on his head near the Sheranwala Gate crossing in Patiala.
Chairing a high-level meeting here, Mann said his government would be fulfilling one of the major poll promises with setting up of these clinics both in urban and rural areas in a phased manner on the pattern of Delhi.
The commission asked the Divisional Commissioner (Ferozepur division), the Deputy Commissioner of Sri Muktsar Sahib), the Inspector General of Police (Faridkot range) and the Senior Superintendent of Police to investigate the case and to submit the report within seven days.
