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.
Punjab Police have solved the hand-grenade attack at Crime Investigation Agency (CIA) office in Nawanshahr by busting a major Pakistan-based terror module run by Harvinder Singh, alias Rinda, with the arrest of its three operatives, said Director General of Police V.K. Bhawra here on Monday.
There is no evidence for the theory that a bid to plant saffron flags at a mosque led to violence in Delhi's Jahangirpuri but was "a minor argument which later took the shape of massive violence", Delhi Police Commissioner Rakesh Asthana said on Monday.
Shiromani Akali Dal (SAD) President Sukhbir Singh Badal on Monday urged Prime Minister Narendra Modi to intervene and ensure the expeditious release of Bhai Balwant Singh Rajoana to fulfill the promise made to the Sikh community to release eight Sikh prisoners who have served more than the effective equivalent of a life sentence on the eve of the 550th Parkash Purb celebrations of Guru Nanak Dev in 2019.
The organisation said that Maan should express regret over the recent meeting. Dhesi had met Mann along with newly-elected Rajya Sabha member and AAP leader Raghav Chadha on Sunday.
The Golden Temple in Amritsar, one of Sikhism's holiest shrines, saw a heavy rush to offer prayers. As per gurdwara officials, nearly two lakh devotees visit the Golden Temple on the occasion of Baisakhi.
The Enforcement Directorate has questioned former Punjab Chief Minister Charanjit Singh Channi at its Jalandhar office in connection with the illegal sand mining case involving Channi's nephew, Bhupinder Singh Honey, and others.
