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.
The official said that the trio had violated provisions of section 8 of the NDPS act, and had committed offence punishable under section 21, section 23 and section 29 of NDPS act.
Emphasising the need of immediate direct air link between Chandigarh and London, Mann apprised Rowett that the Chandigarh International Airport caters to the growing demand of the people of neighbouring states of Haryana, Punjab, Himachal Pradesh, Jammu and Kashmir, and Chandigarh.
The family members of the farmers, mowed down by a car belonging to Mishra, in Lakhimpur Kheri had moved the top court challenging bail granted to him. He is the son of Union Minister and BJP MP Ajay Kumar Mishra. The victims' families have claimed that the state has not filed an appeal opposing bail granted to Mishra.
In recognition of the best performance of Divisional Commissioners, DCs, SSPs, SDMs and other field officials, Mann also announced such officers or officials will be honoured with the 'Best Performing Award' to further motivate them to serve the people with missionary zeal.
Cheema said the target to increase the sugarcane yield by at least 100 quintals per acre in the next two years has been set, which would further increase the income per acre around Rs 36,000.
While Congress leaders restrained from commenting on the meeting, sources close to Bittu said that there was nothing much in the meeting which was a courtesy call. However, recent instances of Congress leaders leaving the party have triggered speculation of another Congressman desetring the party.
