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.
Extending his best wishes to all Indians living in the country as well as abroad, he said: "These festivals celebrated all across the country reflect our diversity and also emphasise our unity. The festivals are occasions of enjoyment for the farmer community who work tirelessly for the betterment and progress of the nation."
The deceased was identified as Himanshu while his wife Priya (30) and son Krishna (3) are presently admitted to Safdarjung Hospital. The other injured were Harsh Makkar (40), his wife Seema (35), one Ice Cream vendor Ranjeet Sarkar (32) and one pedestrian Varun Kashyap (35).
On the 103rd anniversary of Jallianwala Bagh, the Congress paid tributes to the martyrs and attacked the current government over alleged "authoritarian mentality" and said in new India it's same "tyranny".
A spokesperson for the Chief Minister's Office said the Secretary, Food, Civil Supplies, briefed the Cabinet about the status of the ongoing procurement. It was informed that 14.9 lakh metric tons of wheat had arrived in the mandis out of which more than 12 lakh metric tons had already been purchased.
The deceased, Sarabjit Singh Brar, was a resident of Laburnum Apartments at DLF Phase 1 in Gurugram. At the time of the incident that occured on Wednesday morning, Brar was at his flat along with his wife.
Joining the issue, newly-appointed state Congress chief Amrinder Singh Raja Warring targeted Mann over the Centre's interfering in the state's law and order matters in the context of the Punjab Governor's visits to the border areas.
.jpg "President greets people on Vaisakhi, regional new years")
