After this, all those government employees of the state, who are part of the new pension scheme, will get the benefit of the old pension scheme (OPS). However, it will take some more time for the notification to be issued by the government. About 1.36 lakh employees of the state will get the benefit of this decision taken by the government. In such a situation, everyone’s eyes are fixed on the formula of the old pension scheme.

Preparation to give Rs 1,500 a month to women

In the office memorandum issued by Chief Secretary Prabodh Saxena, it was said that the employees included in the new pension scheme in the state will be given the benefit of the old pension scheme. It said that the state’s finance department will issue terms and conditions and SOP at the appropriate time. As per the election promise, the Congress government in the first cabinet meeting approved the restoration of the Old Pension Scheme (OPS). In addition, cabinet sub-committees were also formed to prepare a roadmap for giving Rs 1,500 per month to women in the age group of 18 to 60 years and create one lakh job opportunities.

Employees depositing the previous amount themselves

Let us tell you that from January 1, 2004, employees joining government jobs come under the New Pension Scheme (NPS). In Himachal Pradesh, preparations are underway on the lines of Chhattisgarh to give old pension to the employees. Employees in Chhattisgarh are withdrawing NPS money from the center and depositing the previous amount themselves.

The Government of Chhattisgarh has given the option to the state employees to come in OPS or stay in NPS. In such a situation, it is expected that Himachal government can also adopt this formula.

About Rs 800 crore will be spent this year on the implementation of the old pension scheme in Himachal Pradesh. Its expenditure is expected to increase further in the coming days. Let us tell you that the old pension scheme (OPS) has been restored in Himachal Pradesh after about 20 years.

The post Big update on old pension scheme, this will be the formula; Know from when the government will give the benefit? first appeared on Rightsofemployees.com.

Niti Aayog gave a big statement 

Berry spoke to PTI on the need to increase capital expenditure and create scope for the private sector through fiscal consolidation. He said, ‘I am a little worried about the resumption of the old pension scheme. I think this is a matter of concern because its burden will not be on the existing taxpayers but on future taxpayers and citizens.

It is worth mentioning that earlier the government used to give the entire amount of pension under OPS, but this scheme was stopped by the NDA government from April 1, 2004. After this, under the New Pension Scheme, employees pay 10 percent of their basic salary for pension, while the state government contributes 14 percent to it. That is, there is a loss to the employees, that is why the employees are continuously demanding to restore the old pension scheme.

Developed economy necessary: ​​Berry

NITI Aayog Vice Chairman Suman Berry said, “Political parties should exercise discipline as we all are working for the common goal of growth of the Indian economy so that India becomes a developed economy.” It is necessary to balance short term goals with long term goals. The debt of the states has been effectively capped by the RBI, so there is no threat to the economic stability of the states. In the next 2 years, through financial strength, we will have to start making space for the private sector.

Many states have started OPS

Let us tell you that many states have started OPS. In fact, the Congress-ruled states of Rajasthan and Chhattisgarh have already decided to implement OPS, while the BJP-ruled Himachal Pradesh has promised before the elections that it will restore the scheme if voted to power. Apart from this, Jharkhand announced to start OPS. Here, the Aam Aadmi Party has also recently approved the re-implementation of this scheme in Punjab.

The post Biggest update on restoration of Old Pension Scheme! NITI Aayog gave new information first appeared on Rightsofemployees.com.