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.
Rajendra Shetty a.k.a Bannanje Raja is involved in 44 serious criminal offences including murder, extortion and kidnapping. Authorities had issued an Interpol red corner notice against Bannanje Raja, and he was nabbed in Casablanca in Morocco. Later, he was extradited to Karnataka from there.
The case pertains to a blast that occurred in District Court Complex, Ludhiana on December 23, 2021 in which one person died and six persons were injured. Initially, a case was lodged by Lidhiana Police in 2021 and later the probe was taken over by the NIA in 2022.
The protest, which was led by BJP Yuva Morcha's national secretary Tajinder Pal Singh Bagga and its national president Tejasvi Surya, started around 10.30 a.m. from the IP College to the Chief Minister's residence.
Union Home Minister Amit Shah on March 27 had announced that Central Civil Service Rules will be implemented for all employees under Chandigarh Administration. This decision has evoked sharp criticism from Punjab leaders who, cutting across party lines, termed it "an encroachment on Punjab's rights".
At a meeting with the Punjab Revenue Officers Association here, the minister assured representatives of the association that all their demands will be considered sympathetically, while asking them to immediately join their offices in larger public interest.
