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.
Former Punjab Chief Minister Amarinder Singh on Thursday congratulated former Punjab Congress chief Sunil Jakhar for joining the Bharatiya Janata Party (BJP), saying that the "right man is in the right party". He said more leaders are likely to desert the sinking ship of the Congress in the coming days.
The Chief Minister also sought a compensation of Rs 500 per quintal for low yield of wheat in the state. He said due to intense heat during this summer season, the wheat grains in Punjab have been damaged, adding it is the high time that farmers must be compensated for this damage by giving compensation.
The top court noted it was urged that simply because it was a spontaneous incident where no weapon was used, but held that this cannot be a ground to inflict minimal and innocuous punishment of fine of Rs 1,000.
At the time of the Partition, Mumtaz Bibi was an infant who was lying on her mother's dead body who was killed by the violent mobs, Dawn news reported. One Muhammad Iqbal and his wife, Allah Rakhi, adopted the infant and raised her as their own daughter, naming her Mumtaz Bibi.
The meeting between the Chief Minister and leaders of 23 farmers' unions under the banner of the Sanyukt Kisan Morcha that lasted for over two and half hours here.
Besides, the NCSC also asked the government to stop the eviction drive and maintain status quo. In a complaint to the NCSC, residents of Bhama Kalan village said they have possession of 200 acres in the village since 1947.
