The government said in Parliament that there is no proposal pending with the Centre to restore the Old Pension Scheme (OPS) for central government employees covered under the National Pension System (NPS). Finance Minister Nirmala Sitharaman said in a written reply to a question in the Lok Sabha that the government had distanced itself from OPS due to the excessive fiscal burden on the exchequer.

What is the detail

NPS is a contribution-based scheme launched for Central Government employees (except armed forces) joining service on or after January 1, 2004. He said that a committee was constituted under the chairmanship of the then Finance Secretary to suggest measures for amendment in NPS with a view to improving pensionary benefits for such employees.

The reply said that based on the Committee’s deliberations with stakeholders, the Unified Pension Scheme (UPS) was introduced as an option under the NPS, which aims to provide prescribed post-retirement benefits to Central Government employees covered under the NPS. The Finance Minister informed that the features of UPS, including the definition of family, have been designed in such a way that along with ensuring payment, the financial stability of the fund is also maintained.

Benefits to these employees

She informed that government employees opting for UPS under NPS will also be eligible for the option of receiving benefits under CCS (Pension) Rules, 2021 or CCS (Extraordinary Pension) Rules, 2023 in case of retirement on the basis of death or disability during service. Sitharaman informed that UPS was introduced as an option under NPS by the government through a notification on 24 January 2025. In a written reply to another question, the minister informed that household financial liabilities have increased by about 5.5 percentage points from March 2020 to March 2024, while household financial assets have increased by 20.7 percentage points during the same period.

Further, he pointed out that as per the latest data published by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation, net domestic financial savings are set to increase from Rs 13.3 lakh crore in 2022-23 to Rs 15.5 lakh crore in 2023-24, hence it is not a systemic concern for the asset quality of Indian banks.

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Finance Minister Nirmala Sitharaman, while responding to a question in the Lok Sabha, said that the government has distanced itself from OPS due to its unsustainable fiscal liability on the exchequer. Let us tell you that NPS is a fixed contribution-based scheme which was launched for central government employees (except armed forces) joining service on or after January 1, 2004.

UPS option for employees covered under NPS

The Finance Minister said that with a view to improving the pensionary benefits of such employees, a Committee was constituted under the Chairmanship of the then Finance Secretary to suggest measures for amendments in the NPS. Based on the Committee’s deliberations with stakeholders, Unified Pension Scheme (UPS) has been introduced as an option under NPS with a view to providing assured post-retirement benefits to Central Government employees covered under NPS, she said.

The government introduced UPS as an option in January

Nirmala Sitharaman said that the features of UPS, including the definition of family, have been designed in such a way that fixed payments are ensured and at the same time financial stability of the fund is maintained. Further, she said that Government servants opting for UPS under NPS will also be eligible for the option to receive benefits under CCS (Pension) Rules, 2021 or CCS (Extraordinary Pension) Rules, 2023, in the event of death of the Government servant during service or his retirement on the ground of invalidity or disability. She said that UPS has been introduced as an option under NPS by the Government through a notification dated January 24, 2025.

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VRS will be available only after 25 years of service in UPS. Not only this, after this the employee will have to wait till the age of sixty years for pension. If an employee retires at the age of 45, then he will have to wait for 15 years for pension.

Patel said, employees demanding restoration of old pension will be included in the Unified Pension Scheme based on their choice. If the employee chooses Unified Pension Scheme as an option, he will get the benefit of assured pension. National Pension System i.e. NPS will continue as before. No change has been made in it.

cThe Unified Pension Scheme will be applicable only to those employees who retire after completing at least 10 years of qualifying service. All such employees will be given 50 per cent of the average of the last 12 months as pension. It will also include dearness allowance, but in lieu of this, the employee contribution taken under NPS will also go to the government account. In lieu of the said contribution, the government will return one-tenth of the salary to the employees every six months in the form of a lump sum amount.

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This facility is being given to those policemen who were selected for service before 28 March 2005. The government has taken this decision keeping in mind the demand of the policemen for the old pension scheme, so that they can get more options in terms of pension.

To avail the benefits of this scheme, the policemen will have to submit their information in the prescribed format issued by the DGP headquarters by 31 October 2024. Once the old pension scheme is chosen, this option will be final, which cannot be changed again.

The National Pension Scheme (NPS) account of those policemen who have opted for the old pension scheme will be closed from June 30, 2025. After this, the amount deposited in the NPS account will be transferred to the employee’s General Provident Fund (GPF) account. The government contribution under NPS will be deposited in the state treasury.

If retired policemen also want to avail the benefits of the old pension scheme, then they will have to return the contribution given by the government under NPS along with interest. This step will ensure that only willing retired policemen take advantage of this option.

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The DGP headquarters has issued a format for policemen to opt for the old pension scheme. It is mandatory for all eligible policemen to fill and submit this format by October 31.

This decision is being considered an important step towards securing the future of policemen. Under this, policemen who opt for the old pension scheme will be able to receive pension under the old process after retirement. This will increase security in their post-retirement plans.

What is Old Pension Scheme (OPS)?

Under the Old Pension Scheme, the retired employee gets the right to compulsory pension. This is 50 percent of the basic salary received at the time of retirement. That is, half of the basic pay on which the employee retires after completing his job is given to him as pension. After retirement in the Old Pension Scheme, the employee continues to get the benefit of other allowances including dearness allowance like a working employee, meaning if the government increases any allowance, then the pension will increase accordingly.

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Public holiday declared on 7-8 September, schools, colleges and bank offices closed

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Now a new update has come from the central government regarding the Old Pension Scheme (OPS). It was claimed in many media reports that the time limit for switching from New Pension Scheme to Old Pension would be extended.

The central government clarified that there is no proposal to extend the time limit for employees to switch to the Old Pension Scheme (OPS). The central government started NPS for employees in 2003. Union Minister of State Jitendra Singh had said in response to a written answer in the Lok Sabha a few days ago that NPS is mandatory for all new recruitments in central government jobs (except armed forces) from January 1, 2004.

The option to switch to the old pension scheme was given.

He said that after the court order, the Department of Pension and Pensioners Welfare issued an order on March 3, 2023. In this order, the civil employees of the Central Government were given a one-time opportunity to join under the Central Civil Services (Pension) Rules, 1972 (now 2021). In this, the option to switch to the old pension scheme was given to such employees who were recruited before the notification of NPS was issued on December 22, 2003.

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No proposal to issue any kind of instruction

Singh said that according to the existing process, the appointing authority of the post in the ministry for which such an option has been chosen has to examine the applicability of these instructions and take a decision. He said, ‘A fixed time limit has been fixed for every activity to examine and decide on the option chosen by the employee.’ The employees had time till August 31, 2023 to select their option. After this, the last date for examining the option and deciding on it by the concerned appointing authority was November 30, 2023. The minister said that there is no proposal to issue any kind of instruction regarding the order issued on March 3, 2023.

Manjit Singh Patel, national president of All India NPS Employees Federation, requested the government to extend the date to benefit eligible employees. Patel said, ‘Many NPS employees are still deprived of this benefit and are demanding an extension of the deadline. We are requesting the Government of India to extend the date to benefit the rest of the eligible employees.’

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New Pension Scheme was launched in 2003

The New Pension Scheme for central government employees was launched in 2003. In a written reply to a question, Minister of State for Personnel Jitendra Singh said that NPS is mandatory for all new recruits in the Central Government service (except the armed forces) from January 1, 2004.

He said that in pursuance of the court's decisions, the Department of Pension and Pensioners' 
Welfare had issued instructions on March 3, 2023, giving a single option to join under the Central 
Civil Services (Pension) Rules, 1972 (now 2021) to those civilian employees of the Central 
Government who were appointed to the post or vacancy notified for recruitment/appointment
 before the notification of NPS on 
December 22, 2003. 

Union Minister Jitendra Singh said that there is no proposal to issue any further instructions regarding the order issued on March 3, 2023.

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What is the difference between Old Pension Scheme and NPS? (OPS vs NPS)
In the old pension scheme, the employee used to get a fixed amount as pension after retirement, whereas in NPS both the employee and the government contribute a fixed amount and at the time of retirement this amount increases on the basis of investment and is given to the employee.

There is a constant demand for restoring the old pension scheme

For some time now, many employee organizations have been demanding the restoration of the old pension scheme. Employees believe that in the old pension scheme they get a fixed pension which secures their life after retirement. Whereas there is a risk in investing in NPS and the amount received at the time of retirement depends on the investment.

What is the government’s argument?

The government believes that NPS is a better option as employees also contribute and get an opportunity to grow wealth through investment. Apart from this, restoring OPS will increase the financial burden on the government.

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In the meeting with Finance Minister Nirmala Sitharaman, labor organizations have demanded the formation of Old Pension Scheme (OPS), 8th Pay Commission and increase in tax exemption in the full budget. Apart from this, labor organizations have also demanded to stop the privatization of government companies and stop the New Pension Scheme (NPS).

In the memorandum given by the labour organisations in the meeting held with Finance Minister Nirmala Sitharaman on Monday, it has been said that a social security fund should be set up by the government for the workers of the unorganised and agricultural sector, so that they can get a minimum pension of Rs 9,000 per month and other medical, educational benefits etc.

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They have demanded that all the existing vacancies in the central government departments and government companies should be filled. Apart from this, the practice of contract and outsourcing should be stopped.

Budget: GST should be removed from food items and medicines

The workers’ organizations further said that instead of burdening the general public through GST on essential food items and medicines, corporate tax, increase in property tax and inheritance tax should be implemented. Representatives of 12 workers’ organizations including INTUC, AITUC, CITU, AIUTUC, TUCC and UTUC participated in the meeting. The Bharatiya Mazdoor Sangh (BMS) separately submitted a memorandum with its demand.

They demanded to increase the scope of MNREGA and guarantee 200 days of work to every family. It has also been said to link the work of agriculture and allied sectors with MNREGA (Mahatma Gandhi National Rural Employment Guarantee Act). The workers’ organization has also demanded to increase the criteria of Ayushman Bharat Yojana from Rs 1.20 lakh to Rs three lakh.

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According to the Government Proposal (GR), those employees for the posts for which advertisements were issued before November 1, 2005, but the selection took place later, will be able to apply for OPS.

The plan was approved last month

Last month, the state cabinet had approved the proposal to give such employees the option to choose the Old Pension Scheme (OPS) instead of the National Pension Scheme. In the GR issued by the government, it has been said that the employees who do not apply within six months from today will get benefits under the National Pension Scheme (NPS).

Currently 9.50 lakh employees are getting benefits

In fact, government employees had gone on strike demanding restoration of OPS in the state. After this the state government approved the plan. According to media reports, about 9 lakh 50 thousand government employees in Maharashtra had joined the service before November 2005 and they are already taking advantage of it.

Know the difference between OPS and NPS

Actually, the old pension system was abolished in the year 2004. In its place a new pension system was introduced. Those who got government jobs on or after January 1, 2004, are included in the new pension system. Under this, these employees contribute 10 percent of their salary to the new pension scheme. Whereas in the old pension system, the employee used to get 50 percent of the salary after retirement for life.

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According to the Government Proposal (GR), those employees for the posts for which advertisements were issued before November 1, 2005, but the selection took place later, will be able to apply for OPS.

Old Pension Scheme: The Maharashtra government on Friday issued a GR asking government employees who joined service after November 1, 2005, to apply within six months to avail the benefits of the Old Pension Scheme (OPS).

According to the Government Proposal (GR), those employees for the posts for which advertisements were issued before November 1, 2005, but the selection took place later, will be able to apply for OPS.

The plan was approved last month

Last month, the state cabinet had approved the proposal to give such employees the option to choose the Old Pension Scheme (OPS) instead of the National Pension Scheme. In the GR issued by the government, it has been said that the employees who do not apply within six months from today will get benefits under the National Pension Scheme (NPS).

Currently 9.50 lakh employees are getting benefits

In fact, government employees had gone on strike demanding restoration of OPS in the state. After this the state government approved the plan. According to media reports, about 9 lakh 50 thousand government employees in Maharashtra had joined the service before November 2005 and they are already taking advantage of it.

Know the difference between OPS and NPS

Actually, the old pension system was abolished in the year 2004. In its place a new pension system was introduced. Those who got government jobs on or after January 1, 2004, are included in the new pension system.

Under this, these employees contribute 10 percent of their salary to the new pension scheme. Whereas in the old pension system, the employee used to get 50 percent of the salary after retirement for life.

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Announcing this, Chief Minister Siddaramaiah said that when government employees were on strike against the new pension scheme, he had promised them to fulfill this demand.

He wrote on social media platform The employees were on strike, so I visited there and promised to complete it.”

Chief Minister Siddaramaiah said, “I hope this decision will bring relief to all the families of 13,000 NPS employees.”

Under the old pension scheme, a government employee is entitled to a monthly pension after retirement. The monthly pension is generally half of the individual’s last drawn salary. Under the new pension scheme, employees contribute a part of their salary to the pension fund. Based on this, they are entitled to a lump sum amount on retirement. The old pension scheme was discontinued in December 2003 and the new pension scheme came into effect on 1 April 2004.

OPS decision reversed in Rajasthan

Bhajanlal government has implemented NPS on the employees in the very first appointment. There is no mention of OPS anywhere in the order. This means clearly that the old pension scheme will not be implemented in Rajasthan. The previous Gehlot government of Rajasthan had implemented the old pension scheme instead of the new pension scheme, but the Bhajanlal Sharma government has issued an order to implement NPS again instead of OPS for the newly appointed personnel.

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State government employees were continuously protesting demanding restoration of the Old Pension Scheme. They also went on strike in support of their demand for the old pension scheme. After which the Maharashtra Government has decided that any government employee who has joined the services after November 2005 will have the option to choose the Old Pension Scheme.

Vishwas Katkar, general secretary of Maharashtra State Employees Federation, said, this decision of the cabinet will benefit 26,000 employees of the state government, who were selected before November 2005 but these people got the joining letters later. 9.5 lakh government employees who had joined the services before November 2005 are still getting the benefits of the Old Pension Scheme. The Old Pension Scheme was discontinued in the state in 2005.

Central government employees are also demanding reinstatement of the old pension scheme. Recently, government employees from all over the country have staged a protest at Ramlila Maidan in Delhi to increase pressure on the government. However, the government has said that there is no proposal before the government to reinstate the old pension scheme for central employees appointed on or after January 1, 2004.

However, the government has constituted a committee under the chairmanship of the Finance Secretary which is studying the issue of pension of central employees under the National Pension System. This committee is looking into the existing framework and structure of NPS. Also, it is seeing whether any changes need to be made in it. After Rajasthan, Chhattisgarh, Himachal Pradesh and Jharkhand, Maharashtra has also restored the Old Pension Scheme in its states.

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Whenever the election season comes closer, its demand becomes more intense. In such a situation, in view of the upcoming Lok Sabha Elections (2024), a debate has started regarding the demand for implementing the old pension scheme afresh.

On one hand, the government does not seem to be in favor of implementing the old pension, while on the other hand, in the election environment, the opposition parties have been continuously doing politics on the restoration of the old pension system. In the upcoming elections too, some party may try to woo voters by raising the issue of its restoration.

In such a situation, in view of the Lok Sabha elections, can the Modi government at the Center once again bring back the old pension keeping in mind the demands of the employees? This question is arising because salaried and pensioners are a big voter category.

In view of the elections, the government keeps trying to woo them. In many states, employees are demanding restoration of the old pension scheme. After all, why are the employees leaving the New Pension Scheme and demanding the old pension again? Will the government try to find a solution to their demand?

If the old pension scheme is implemented once again across the country, what benefits will the government employees get? We are going to give you answers to all these questions.

What is Old Pension Scheme (OPS)?

Under the old pension scheme i.e. Old Pension Scheme (OPS), before the year 2004, the government used to give a fixed pension to the employees after retirement. This pension was based on the employee’s salary at the time of retirement. Under this scheme, after the death of a retired employee, his family members were also given pension.

However, the Old Pension Scheme was discontinued on 1 April 2004. It has been replaced by National Pension Scheme. After which the demand for its withdrawal is becoming very strong. At the same time, there is a continuous demand to implement the old pension scheme.

Benefits of Old Pension Scheme

• Under this scheme, half the amount of their salary is given to the employees as pension at the time of retirement.
• In the old pension scheme, if an employee dies after retirement, the pension amount is given to his family.
• In this scheme, there is no deduction of any kind from the salary of the employees for giving pension.
• In OPS, at the time of retirement, 50 percent or half of the last basic salary of the employees is given as pension.
• Through this scheme, the facility of medical allowance and reimbursement of medical bills after retirement is also provided.
• Under this scheme, a retired employee is given a gratuity amount of up to Rs 20 lakh.

Government again clarified its stand on OPS restoration

However, the government has once again made its stand clear regarding the re-implementation of this scheme. In response to a question raised in the Lok Sabha on the issue of restoration of the Old Pension Scheme, Minister of State for Finance Pankaj Chaudhary said that the government does not have any such proposal.

RBI also warned about OPS

At the same time, the Reserve Bank of India (RBI) has also warned about the Old Pension Scheme (OPS). RBI has said that implementing this will put a lot of pressure on the finances of the states and their capacity for development related expenses will be limited. The RBI report said that thus returning to the old pension of the states would be a big step backwards.

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Old Pension Scheme: The Reserve Bank of India (RBI) has warned the states not to think about restoring the Old Pension Scheme. Due to this, their expenses will increase manifold and become unbearable. In its report, RBI has expressed concern over the promises of old pension scheme instead of new pension scheme. He advised the state governments that their financial health could be adversely affected due to promises made to woo the public. OPS will prove to be very harmful for the government exchequer.

OPS implemented in some states, consideration going on in some

Recently some states have reinstated the old pension scheme. These include Rajasthan, Chhattisgarh and Punjab. Also, there is discussion going on to bring OPS in Karnataka also. RBI has advised the states to continue with the New Pension Scheme (NPS). Releasing its report ‘State Finances: A Study of Budgets of 2023-24’, RBI warned that if all the states bring back OPS, then the financial pressure on them will be almost Rs. Will increase up to 4.5 times. OPS will have a negative impact on GDP. The burden of additional expenditure on this will reach 0.9 percent of GDP by 2060.

There will be no money for development works

According to the RBI report, on the lines of states that have reinstated OPS, other states have also started considering bringing it. If this happens, the financial burden on the states will increase and expenditure on development works will decrease. RBI said that OPS is a backward step. This will erase the gains from previous reforms. There is also a fear that this will cause harm to future generations. According to the report, the last batch of OPS will retire in early 2040 and they will continue to get pension till 2060.

Increase revenue, do not make populist promises – RBI

There are general elections in the country next year. In such a situation, RBI has suggested increasing revenue instead of increasing expenditure through populist promises. It has been said in the report that all the states should think about increasing their earnings. States should focus on reducing registration fees, stamp duty, stopping illegal mining, increasing tax collection and stopping tax evasion. Apart from this, attention should be paid to renewing taxes on property, excise and automobile which will increase their revenue.

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On the instructions of the Supreme Court, all the departments have started preparations for this. For this, the Directorate of Secondary Education has sought details of personnel appointed on or after April 1, 2005, from all divisional Joint Education Directors and Deputy Education Directors.

According to the information, following the instructions of the Supreme Court, teachers and employees whose recruitment advertisement was released before April 1, 2005, will soon be given the benefit of old pension, the department has started preparations for this. The Director of Secondary Education had issued an order and sought details by 16th November.

Under this, it was asked to provide information like name of teachers and employees, name of their institution, date of advertisement, date of joining and date of first salary payment etc. After this the further process will start.

These staff-teachers will be eligible

Under this, teachers and non-teaching staff who have been appointed after April 1, 2005, but their recruitment advertisement has been released before that, will be eligible for it. Let us tell you that the state government has abolished the old pension facility after April 1, 2005.

The new pension system was implemented, since then the employees and teachers were continuously protesting, the matter has reached the High Court, Supreme Court, after which now the teachers and employees whose recruitment advertisement came out before April 1, 2005 There were preparations to give him the old pension.

It is noteworthy that recently the Allahabad High Court had ordered the state government to restore the old pension scheme for accountants selected before April 1, 2005. Accepting the petition, the High Court has ordered the state government to provide the benefit of the old pension considering the petitioners as entitled to the old pension.

The court gave this order regarding the accountants selected in the year 2003-2004 in the recruitment of 1999 to 2000. Is. This decision was given by a single bench of Justice Saral Srivastava.

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Taking a decision on the demand of government employees, the old pension scheme has been restored in the non-BJP ruled states of Chhattisgarh, Rajasthan, Jharkhand, Punjab and Himachal Pradesh. After the restoration of OPS, retired employees have benefited financially. On the other hand, political parties are also seeing their political benefits in this.

Promised to restore old pension-

During the Himachal Pradesh Assembly elections, Congress had made an election promise of restoring the old pension. After this, after coming to power in Himachal Pradesh, Chief Minister Sukhwinder Singh Sukhu, keeping his promise, restored the old pension. Now when the activities are intense regarding the assembly elections and Lok Sabha elections of five states of the country, the demand for old pension has started gaining momentum again. Restoration of old pension was also discussed in the interview given by Union Minister Amit Shah to Times of India.

Restoration of old pension scheme was a big election issue –

During the interview, he was asked that restoration of old pension scheme was a big election issue in states like Himachal Pradesh, where BJP lost. On this he said that it is true that government employees are demanding the return of the old pension scheme. But before restoring it, we will also have to look at the availability of resources and budgetary constraints. He said that a committee has been formed to investigate this. The pension issue will be decided on the basis of the report received from the committee.

Changes possible in NPS by the end of the year –

Recently, it was claimed in the media report that the Central Government can make changes in the National Pension Scheme (NPS) by the end of this year. The government is preparing to decide that after retirement, employees should get at least 40 to 45 percent of their salary as pension in their last days. This recommendation has been made by a high level panel in this regard.

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The Dhami government of Uttarakhand will provide the benefits of the old pension scheme to its employees. Those employees, who have been appointed under the advertisement published before October 1, 2005, will be provided the facility of the old pension scheme. Notification has been issued for old pension to 6200 employees. There has been a demand for an option till 15th February.

Benefit of old pension scheme

The cabinet of Uttarakhand had decided to provide benefits to the employees. Whose appointment has been made under the advertisement till October 1, 2005. They will be provided the facility of old pension. In such a situation, advertisements for the recruitment of a total of 6200 employees in Uttarakhand had been issued earlier but their appointment took place after October 1, 2005.

For which now a notification has been issued by the government after the approval in the cabinet meeting. In the notification issued by Additional Chief Secretary Finance Anand Vardhan, it has been said that all the employees who are currently coming under the new pension scheme. He has been appointed through earlier advertisement, he can apply for old pension. Applications have been invited till 15th February.

A form has also been issued by the government. In which information about the name of the employees including designation, pay scale, name of the department, name of the department that issued the release, date of release, date of appointment in the department, date of contribution in the department, date of retirement etc. will have to be given. Necessary orders will be issued in respect of employees who fulfill the conditions for getting old pension. After this, their account of the new pension scheme will be closed from the date of issue of the order.

These employees will have to subscribe to the General Provident Fund. Under the new pension scheme, out of the total amount of pension fund created by employees and contributions, employee contribution will be deposited in the General Provident Fund account of the employee.

Under the new pension system, out of the total amount of the pension fund created by the contribution of the employee state government, the government contribution will be deposited in the account of the state government. Under the new pension scheme, whatever increased value will be received by investing the pension fund created by the research of the employees and the state government, will be deposited in the account of the state government. Earlier, orders were issued by the Central Government to provide benefits to the employees as per the advertisement till the implementation of the old pension.

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The High Court has reinstated the old pension scheme for the accountants selected before April 1, 2005 and has ordered the state government to give the old pension benefit to the accountants. Accepting the petition, the High Court considered the petitioners entitled to the old pension and ordered the state government to provide the benefit of the old pension.

Employees selected before April 2004 entitled to OPS

Actually, a petition was filed on behalf of Lekhpal Lekhpal Association and others that their selection was done before 2005, hence they should also get the benefit of old pension. On which the advocate appearing on behalf of the government argued that the selection took place after 2005. On behalf of the state government, Additional Advocate General Neeraj Tripathi argued that the petitioners were appointed on or after April 1, 2005, hence the old pension scheme is applicable to them.

It doesn’t happen. At the same time, the petitioners argued that their selection and training session took place in 2003-04 and the training was completed in August 2004, but due to the state government, they were appointed. If there had been no delay in appointment by the Government after completing the training, the petitioners would have been within the prescribed period for old pension.

Orders given to government to provide OPS benefits

During this time, the petitioners have also demanded to adjust the deduction from salary under the new pension scheme in GPF under OPS. After hearing both the parties, Allahabad High Court while giving its verdict ordered to restore the old pension scheme for the accountants selected before April 1, 2005 and considering them entitled for OPS, also ordered the state government to provide the benefit of old pension.

The court has given this order regarding the accountants selected in the year 2003-2004 in the recruitment of 1999 to 2000. This decision has been given by the single bench of Justice Saral Srivastava while accepting the petition filed by Lekhpal Association and others.

Teachers also have hope for OPS

On the other hand, the Basic Education Department has sought details of those personnel appointed on or after April 1, 2005, whose advertisement for appointment was published before April 1, 2005. In such a situation, there is hope among the teachers and employees that like the Centre, they Old pension option will also be available. Joint Education Director Ganesh Kumar has sent a letter in this regard to all BSAs. However, they have stated that specific BTC 2004 appointed candidates should not be included.

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With this, the employees are hoping to unite again. Black Day is being celebrated today in Darbhanga, Bihar for the demand of old pension. On Tuesday, in Prayagraj, Uttar Pradesh, a memorandum was submitted to MP Kesari Devi Patel on behalf of All Teachers Employees Welfare Association regarding the demands related to the old pension scheme.

Employees are still busy demanding the restoration of the old pension scheme. There are news coming from different states regarding the demand of restoring the old pension of the employees. With this, the employees are hoping to unite again. Black day is being celebrated in Bihar’s Darbhanga today for the demand of old pension. On the other hand, in Prayagraj, Uttar Pradesh, on Tuesday, a memorandum related to the demands related to the old pension scheme was handed over to MP Kesari Devi Patel on behalf of the All Teachers Employees Welfare Association.

Employees will work wearing black badges in Darbhanga

. According to media reports, today in Darbhanga, Bihar, teachers, employees and officials covered by the new pension of the district will wear black badges at their workplaces in favor of the old pension. Will work peacefully by wearing the badge. They are celebrating it as Black Day. District media in-charge cum spokesperson of the organization, Sanjit Jha Suman said that teachers, officials and employees have been called upon to make Black Day a success.

Memorandum handed over to the MP to restore the old pension

According to media reports, earlier on Tuesday, the All Teachers Employees Welfare Association (Ateva) submitted a memorandum at the MP’s residence in Prayagraj, Uttar Pradesh. Ghanti Bajao program was organized on the appeal of Vijay Kumar Bandhu, National President of National Movement for Old Pension Scheme (NMOPS). Under this, a demand was made in the memorandum to restore the old pension.

Assured to write letter to PM and Finance Minister

. According to media reports, the MP said that she understands the pain of teachers, employees and officers. She will write a letter to the Prime Minister and the Finance Minister demanding this. Officials of the organization said that old pension is the constitutional right of 80 lakh employees of the country. Central government should implement it.

Officials of the organization called the new pension scheme a curse and said that different pensions are being given under it.

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A lot of ruckus is being seen regarding the old pension scheme. Many government employees are advocating the re-implementation of the old pension scheme and are also demonstrating in many corners of the country to re-implement the old pension scheme. Meanwhile, people’s anger is also being seen against the new pension scheme. Now an important update regarding the pension scheme has come to the fore. Employees are constantly demanding from the Central Government to restore the old pension scheme.

Railway employees’ organizations NFIR, URMU and other federations are going to hold a rally together against the New Pension Scheme (NPS). The date of this rally has also been fixed. Railway employees’ organizations will hold a rally on August 10 at Ramlila Maidan in Delhi. During this, employees of other organizations across the country will also participate.

Pension Scheme

National Federation of Indian Railwaymen (NFIR) General Secretary M Raghuvaiah and Northern Railway Mazdoor Union (URMU) General Secretary BC Sharma said that a rally will be held at Ramlila Maidan on August 10 against the new pension scheme along with various federations/associations including railway employees. will be organized. An appeal has also been made for maximum participation of people in this rally. He said that representatives of state governments and defense sector, doctors, teachers, etc. will participate in this.

Old pension scheme

According to a statement, both the leaders said, “Our demand is that the one who brings old pension, will get votes only.” Whichever party will bring this issue in its manifesto, we will support that party.” Raghuvaiah said that a protest will be held at Ramlila Maidan along with various federations/associations, in which railway employees from all over the country will participate. On this occasion, a program of intense struggle against NPS and for the restoration of OPS can be declared by the joint platform in future.

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These states restored OPS

The state governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh have informed the Center about their decision to withdraw OPS and have requested for withdrawal of funds accumulated under the National Pension System (NPS).

Will OPS be restored in the center?

The government is considering giving the benefit of the old pension scheme in the new pension scheme itself. A committee has been formed to prepare an alternative to the old pension scheme. The work will be done to make the New Pension Scheme as popular as the Old Pension Scheme, which will have guaranteed returns, additional earnings are also being discussed. Along with this, there is a plan to increase the contribution of the government to 14%. A new arrangement will be made regarding the National Pension System or New Pension Scheme. The system will be such that both the central and state governments can adopt it.

मंत्रिपरिषद की बैठक में लिए गए निर्णय… 1/2 pic.twitter.com/fTNeRweVVm

— Office of Chief Minister, Jharkhand (@JharkhandCMO) July 25, 2023

Important decisions taken in Jharkhand cabinet meeting

• Jharkhand Export Policy-2023 was approved.
• Approval was given to make provision of Nominee Director in the Board of Directors of Jharkhand Bijli Vitran Nigam Limited.
• Jharkhand Cooperative Auditor (Recruitment, Promotion and Service Conditions) Cadre Rules, 2014 (Effective 24/10/2014) As per Chapter-3 Direct Recruitment Rule-9 (a) of the First Amended Rules 2021, approval was given for amendment in minimum educational qualification.
• Jharkhand Cooperative Extension Officer (Recruitment, Promotion and Service Conditions) Cadre Rules, 2014 (Effective 24/10/2014) i.e. First Revised Rules, 2016 and Second Revised Rules, 2021 approved for amendment.
• Jharkhand Child Development Service Non-Gazetted Staff Recruitment and Service Condition (Amendment) Rules-2023 was approved.
• Approval was given to admissible facility of maternity leave to the employees appointed and working on contract basis.
• After selecting the old pension scheme, the guidelines related to the process of availing the old pension were approved.
• Approval was given for regularization of service of irregularly appointed and employed personnel under the Finance Department, Government of Jharkhand. Approval was given for regularization of service of regularly appointed and working personnel who have completed 10 years of continuous service on the posts of Computer Operator/Data Entry Operator, Staff Car Driver/Driver/Group ‘D’ in Headquarters Establishment, Treasury/Sub-Treasury, Institutional Finance Division, Provident Fund Directorate and National Savings Directorate under the Finance Department.
• Relaxing Rule-235 of the Jharkhand Financial Rules in the state, on the basis of nomination under Rule-245, Jhar-CERT (Centre for Computer Emergency Response for the Government of Jharkhand) project, operated by C-DAC, Kolkata, has been approved for extension of 03 (three) years and administrative approval of only Rs. given.
• Approval was given to provide benefits of health insurance scheme to state employees/retired employees.
• For enrollment in NCVT/SCVT recognized industrial training institutes at the state level, according to the merit list prepared on the basis of educational qualification marks determined by the Directorate General of Training, New Delhi, Centralized Online Admission of the candidates was approved through the web portal of the Directorate of Planning and Training, Labour, Planning, Training and Skill Development Department – iti.jharkhand.gov.in .
• According to the merit list prepared on the basis of marks of educational qualification determined by the Directorate General of Training, New Delhi, for enrollment in NCVT/SCVT recognized Industrial Training Institutes at the state level , approval has been given to take ex-post facto approval for enrollment of candidates in the Industrial Training Institute in the academic session -2022-23-24 through the Centralized Online Admission Directorate, Directorate of Planning and Training, Labour, Planning, Training and Skill Development Department- iti.jharkhand.gov.in .
• Under the Gyanodaya Yojana, listen children, the story of tribal struggle hero Shibu Soren (Guru ji), purchase and distribution of books named Dishome Guru Shibu Soren and Tribal Hero Shibu Soren on the basis of nomination, M/s Prabhat Prakashan, Pvt. Ltd. Approval was given on the proposal to relax the provisions of Rule 235 of the Jharkhand Finance Rules under Rule 245 of the Jharkhand Finance Rules.
• Investigation of pro-rata earning against former ministers of Jharkhand government viz. Approval was granted for permission to register P.E.
• Under the Centrally Sponsored Revised Mission Vatsalya Yojana, new rates of maintenance items were approved for the children living in child care institutions.
• Approval was given for the implementation of centrally sponsored “Pradhan Mantri Matru Vandana Yojana” in its modified form under Mission Shakti (power).
• Approval was given to amend the guidelines and implementation rate of various items under Anganwadi Services operated under the Centrally Sponsored Mission Saksham Anganwadi and Nutrition 2.0.
• Approval was given to amend the guidelines for the implementation of the Centrally Sponsored Scheme for Adolescent Girls (SAG).
• 8301.21 lakh under the centrally sponsored scheme Atal Renovation and Urban Transformation Mission 2.0 (Amrit 2.0). Administrative approval was given to the Mahagama Urban Water Supply Project, which received technical approval at a cost of Rs.
• Approval was given to provide medical aid grant to the beneficiaries of the Chief Minister’s Critical Illness Treatment Scheme through the Jharkhand State Health Society.
• Approval was given to provide additional authority to the Anti-Terrorism Squad to control organized crime in the state of Jharkhand.
• Sanction was given for the creation of 01 post of presiding officer of the level of District Judge for the newly constituted Additional Motor Vehicle Accident Claims Tribunal in Ranchi.
• In order to comply with the announcement made by Honorable Chief Minister, Jharkhand during the Van Mahotsav, from the financial year 2023-24, the general public living in urban areas will be given subsidy of five units of electricity per tree in their electricity bills for planting trees on their private land.
• In Jharkhand Industrial Area Development Authority Regulation, 2016, approval was granted for expansion of the provision regarding payment of land value in 10 equal installments in five years.
• Under the suggestion and framework received by the Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of Jal Shakti, Government of India, it was approved to set up State Water Informatics Center (SWIC) within the state of Jharkhand as a dedicated organization for coordination, collection, dissemination of data related to the water resources of the state and to bring the water data of all the departments under the state on a single platform.
• Approval was given for the formation of the Jharkhand Ophthalmic Assistant Cadre (Appointment, Promotion and Service Conditions) Rules, 2023 under the Department of Health, Medical Education and Family Welfare.
• In the light of the amendments made by the Central Government in the Central Goods and Services Tax Act, 2017, the approval of the Council of Ministers was given to introduce the Jharkhand Goods and Services Tax (Amendment) Bill, 2023 in the monsoon session of the Jharkhand Legislative Assembly to make related amendments in the Jharkhand Goods and Services Tax Act, 2017.
• Approval was given for the promulgation of the Jharkhand Competitive Examination (Measures for Prevention and Redressal of Unfair Means in Recruitment) Act, 2023.
• The Jharkhand University of Health Sciences Bill, 2023 was approved.

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Between the old pension scheme and the new pension scheme, there is a debate going on about which one is more beneficial. Now the Central Government has given an opportunity to some selected government officials to switch from New Pension Scheme to Old Pension Scheme. This will be a one time option under which the officers of All India Services (AIS) coming under the National Pension System will be able to get the benefit of the old pension scheme.

Central Department of Personnel and Training gave information by writing a letter
On 13 July 2023, the Central Department of Personnel and Training has written a letter to the Chief Secretary of all states and union territories. It is written in this that the officers who joined the job before the issue of NPS notification of 22 December 2003 and who are being covered under the New Pension Scheme from 1 January 2004, have to switch to the Old Pension Scheme for one time. One time option will be given. This option will be given to them under the AIS (DCRB) Rules, 1958.

Who can take advantage of the switching option

The Department of Personnel and Training (Central Department of Personnel and Training) has made it clear by writing a letter that it has issued this notification for the officers of IAS, IPS and IFoS. Officers of All India Services (AIS) selected through Civil Services Examination 2003, officers appearing under Civil Services Examination 2004 and officers appearing under Indian Forest Services Examination 2003 can avail this option.

When can I switch from OPS to NPS?

AIS officers who want to switch from OPS to NPS will have to apply for this option by 30 November 2023. DoPT has made it clear that this will be his last chance to go to OPS. The officers who will not apply for this option till 30 November 2023 will continue to get the benefit of the New Pension Scheme as before.

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Along with this, the forum has also opposed the proposal to transfer generation and transmission assets of HPSEB to HPPCL (Himachal Pradesh Power Corporation) and HPPTCL (Himachal Pradesh Power Transmission Corporation) respectively.

1.18 lakh people chose the option of old pension

Let us tell you that only 346 employees in Himachal Pradesh want to stay in the National Pension System ie NPS. About 1.18 lakh employees have opted for the Old Pension Scheme ie OPS. Here on Monday was the last chance to choose Old Pension Scheme and New Pension Scheme. On May 4, the government had given two months time to the employees of Himachal Pradesh.

Statement issued

According to the statement issued here, a resolution was passed regarding the major demands in the meeting of the United Front held on Monday. In this, it was emphasized that the separation of assets of HPSEB is neither in the interest of the employees nor in the interest of electricity consumers.

Expressing serious concern over the transfer of four small hydroelectric projects from HPSEB to HPPCL, the United Front said that these projects are in advanced stage and shifting the projects at this stage would delay the execution by about two years .

Opposition to smart metering project

In another resolution, the Morcha strongly opposed the smart metering project to be carried out in HPSEB under RDSS (Reconstructed Distribution Sector Scheme) and said that it would further worsen the financial health of HPSEB.

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Meanwhile, the Directorate of Higher Education has demanded expenditure burden from all the universities under the old pension scheme. Apart from this, the Directorate of Higher Education has also demanded that how many officials, teachers and employees have been allotted Permanent Retirement Account Number (PRAN) in the university so far.

Along with this, deduction has been made from his salary under the contributory scheme. In the light of the Directorate’s letter, except Ranchi University, almost all the universities have made available the expenditure and other desired information. The directorate has again sought detailed information from Ranchi University. So that further action can be taken.

The Government has not withdrawn the said letter :

In the case of the university, the letter sent by the state government regarding the new pension scheme in the year 2020-21 has not been withdrawn yet. The Directorate of Higher Education will have to cancel the said letter first. After this the old pension scheme (before 2004) can be implemented.

Technical problem in the case of teachers, employees and officials appointed after 2004
In the State University, there is a technical problem in the case of teachers appointed after 2004, office bearers and employees appointed on compassionate grounds, including about seven hundred and fifty teachers of 2008 batch appointed from JPSC. The reason for this is that the state government has sent letters to all universities in the year 2020-21 informing them that the university employees appointed after 2004 are in the new pension scheme.

After receiving the letter from the government, the teachers, office bearers and employees appointed on compassionate grounds protested saying that the appointment took place after 2004, so why is the information about the implementation of the new pension scheme and reduction in the university being given in the year 2020-21. . Later, the teachers approached the Jharkhand High Court regarding this.

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The committee constituted to review the existing pension system ‘NPS’ for government employees is currently in the process of consultation with the stakeholders and its report has not been finalized yet. The Finance Ministry had constituted the committee in April under the chairmanship of Finance Secretary TV Somanathan to review the pension scheme for government employees and suggest necessary changes in the existing design and structure of the National Pension System (NPS).

Finance Ministry

Now the ministry said in a tweet, “The Somanathan Committee is in the process of consultation with the relevant stakeholders and has not yet arrived at any conclusion.” As per the terms of formation, this committee will be constituted for government employees covered under NPS. Will suggest the measures needed to improve the pension benefits of the These suggestions will be given keeping in view the fiscal impact and impact on overall budgetary provisions so that fiscal strength is maintained.

The old pension scheme headed by the Finance Secretary, includes Secretary, Department of Personnel and Training, Special Secretary, Department of Expenditure and Chairman, Pension Fund Regulatory and Development Authority (PFRDA) as members. In the last few months, several state governments ruled by the opposition have decided to implement the ‘Old Pension Scheme’ (OPS). Enthused by this, employee organizations in some other states have also raised their demand.

OPS

The State Governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh have informed the Central Government about their decision to implement OPS and have requested it to return the amount deposited under NPS. As far as the demand for implementation of OPS at the Central Government level is concerned, the Finance Ministry has completely denied this possibility. It was informed by the Ministry in Parliament that no proposal is under consideration to implement OPS in respect of Central Government employees recruited after January 1, 2004.

Government employees retiring under Pension OPS used to get 50 per cent of their last drawn pay as monthly pension. This amount keeps increasing with the increase in the rates of dearness allowance. NPS has been made applicable to all government employees except Armed Forces employees joining the Central Government after January, 2004. Most of the state and union territory governments have also adopted NPS as a pension system for their new employees.

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If you are a central employee or there is a central government employee in your family, then this news will make you happy. Yes, after protesting against NPS, the government has now prepared a new formula for the pension of the employees. Reuters report claimed that the central government will soon assure the employees of minimum pension of 40%-45% of the last drawn salary by changing the existing market-linked pension scheme.

Update came after the formation of the committee

This update has come after the formation of a committee on pension by the government. No official information has been given by the government regarding this. It is believed that the government has taken this step keeping in mind the assembly elections to be held in the states in the next one year and the 2024 Lok Sabha elections.

Now employees contribute 10%

Last days, on the protest of the employees and the demand for old pension, the government said to consider the pension system implemented in 2004. Along with this, a committee was constituted to give a report on the National Pension Scheme (NPS). In the current National Pension Scheme (NPS), employees need to contribute 10% of the basic salary and 14% to the government.

50% Guaranteed Pension under OPS

The pension of the employees covered under NPS depends on the returns from the market. Whereas, under the old pension scheme (OPS), 50% of the last pay is given as guaranteed pension. In the report of Reuters, it was claimed that now the government is preparing to change the current pension scheme.

Expected to get 40% to 45% amount

The report claimed that after the implementation of the new rule, the employees would be able to get 40% to 45% of their last salary as pension. Talking to Reuters, an official of the Finance Ministry said that the government’s plan is not to restore the old pension scheme (OPS) in any way.

Finance Ministry officials said that the new system to be built on pension will remove the concerns of those states who returned to the old pension system. Let us tell you that in the past, Rajasthan, Jharkhand, Chhattisgarh, Himachal Pradesh and Punjab governments have announced to restore the old pension system.

An official told that the employees currently get about 38% of the previous salary as pension. Another official told that if the government guarantees 40% return, then it will have to meet the shortfall of just 2%. However, if there is a decline in the pension corpus, the expenditure will increase.

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At this time, the Old Pension Scheme (OPS) has been implemented in many states of the country. At the same time, there is a debate on its implementation in many states. Let us tell you that in all the states where the New Pension Scheme is applicable, there is a demand to cancel it and implement OPS.

Time till 31st August

Let us tell you that at this time the Central Government has given the employees an opportunity to choose the old pension scheme. You have time till 31 August. You can choose the Old Pension Scheme till 31 August 2023. The government has told that the eligible employees who do not select the option of Old Pension Scheme (OPS) till August 31, will be put in the New Pension Yojana.

OPS has been implemented in many states, tell that in Chhattisgarh also the state government has implemented it. Apart from this, it has been implemented in many states including Rajasthan, Punjab. In the year 2004, the Central Government abolished the old pension scheme and started the National Pension System instead.

What are the advantages of old pension scheme?

Talking about the benefits of the old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

What is the problem with the new pension scheme?
Officials believe that the government should make changes in NPS in such a way that at the time of retirement, the employees will get back the big money i.e. about 41.7 per cent contribution as a lump sum. The official said that this model is just the opposite of OPS and that is its only problem.

More pension is available in OPS

Let us tell you that there is a huge difference between the new and old pension scheme, due to which the employees and pensioners are demanding to restore the old pension scheme. At the time of retirement in OPS, employees get half the amount of salary as pension. At the same time, in the new pension scheme, 10 percent of the employee’s basic salary + DA is deducted.

The special thing about the old pension scheme is that no money is deducted from the salary of the employees. Apart from this, there is no provision for DA to be received after 6 months in the new pension. Apart from this, payment in old pension is made through the treasury of the government. At the same time, there is no guarantee of fixed pension in the new pension.

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Meanwhile, once again a positive aspect has emerged from the government on the demand of the old pension scheme. In such a situation, it is believed that the process for the old pension scheme can be started soon in the state.

Discussion on restoration of old pension scheme

In fact, since the change of power in Bangalore, Karnataka, the Congress has been busy in fulfilling all the promises made by it. Meanwhile, Chief Minister Siddaramaiah was met by the employees’ union. Meanwhile, Chief Minister Siddaramaiah has assured that the Congress government will discuss the restoration of the old pension scheme in the next cabinet meeting.

The Chief Minister was holding a meeting with the State Government Employees Union. Speaking in the meeting with whose delegation, he said that the announcement of the scheme can be considered in the meeting of the government on 7th July.

Labor union demands

In fact, under the new pension scheme in Karnataka, the employees are being given the benefit of the pension scheme. The same employee union president Shantaram Teja says that by canceling the new pension scheme, Rs 19,000 crore available under the scheme can be used for government development programmes. He said that out of this the government share of 10000 crores can be used for development work and that the grant of 9000 crores should be converted into GPF. Let us tell you that this scheme was closed on 31 March 2004 in the state.

OPS-NPS Advantages

Under the old pension scheme, half of the last drawn pay and dearness allowance are provided to government employees twice a year after their retirement. At the same time, under the new pension scheme, employees contribute 10% of their salary. After which, after investing in various funds, the employees get returns on investment after retirement.

Earlier in the assembly elections, the Congress had said in its announcement that the old pension scheme would be extended to the employees who joined after 2006. After its inclusion in the manifesto of the Congress for the assembly elections, the preparations for the implementation of the old pension scheme in the state can now be started by the state government after the cabinet meeting. Earlier, states like Rajasthan, Himachal, Chhattisgarh, Jharkhand have abolished NPS and implemented OPS.

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A committee was constituted by the Central Government under the chairmanship of the Finance Secretary to make changes in the National Pension Scheme ie NPS. On June 9, a meeting was held with the office bearers of the National Council of Staff Site CM.

old pension scheme should be restored

In the meeting, the committee was clearly told by the representative of the central government employees organization that apart from the old pension, the employees organization will not approve anything else. The only way to solve this problem is to abolish the unguaranteed NPS scheme and restore the old pension scheme.

Constitution of committee for amendment in NPS

In this case, the chairman of the committee assured that attention will be given to all the points of the memorandum given by the staff side. Along with this, whatever issues have been raised during the discussion, they will also be looked into. For the time being, a report is required. Therein an attempt will be made to address the concerns expressed by the staff side. Explain that the committee was formed by the government to amend the NPS.

Labor union demands

Here, in the meeting, the representative of the employees’ organization has given various arguments in support of its demands of the committee. The committee says that NPS should be abolished at all costs and the Guarantee Sudha Purani Pension Yojana should be restored.

Tell that after 2004 there has been a demand to withdraw the National Pension System applicable to Indian employees. The employees union demands that all the employees recruited after January 1, 2004 should be brought under the purview of the old pension scheme under the CCS Pension Rules, 1972. Reforms in NPS are not beneficial to the employees in any way and were never demanded by the employees.

The employees organization says that there is no stability in the National Pension Scheme and the employees, satisfied with the scheme, formed a committee of 4 members under the chairmanship of the regular secretary.

The NPS present in the committee is being reviewed. The responsibility has been given to find out whether there is a need to change its structure and functioning. Apart from the committee, the secretary of JCM attended the meeting. Apart from this, many other officials also attended the meeting.

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Apart from this, in many states, the employees have started agitation for the implementation of old pension. The Ashok Gehlot government of Rajasthan was the first to restore the Old Pension Scheme (OPS). But here an order has been issued by the Rajasthan State Road Transport Corporation (RSRTC) to implement the old pension (OPS) for the employees.

Such employees are not eligible for old pension

Issuing an order in this regard, it was said that such employees who have resigned from their posts or who have been fired. Such employees will not be eligible for old pension. According to the order of the government, the employees who want to select the option of old pension, they will have to apply by June 30, otherwise they will be considered as members of the CPF scheme.

Family members can also apply

for family pension Family members of deceased employees can also apply for OPS. State Finance Department has already issued an order to implement old pension for employees working in Boards, Corporations, Autonomous, Semi-Autonomous Bodies and Universities (Established on or after January 1, 2004) .

According to a senior official of the Finance Department, such employees who will not select the option of old pension, their contribution will be done according to the pattern of universities. That is, 12% will have to be paid each from the employer’s share and the employee’s share. The employer’s share will go to the pension fund and the employee’s share will go to the GPF fund.

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Now if you also want to take advantage of old pension, then you have a good chance. You will have to decide in the coming 60 days whether you want to be in New Pension Scheme or want to select OPS. Regarding this, SOP has also been issued by the government.

Option to be chosen in 60 days

The government has asked the employees to opt for pension within 60 days. Tell that the beneficiaries of the state government, Himachal Pradesh are getting this facility. State employees are getting the benefit of the old pension scheme from 1 April 2023. Along with this, if anyone has retired earlier, then he will not get the old money in the form of arrears.
Government issued order

After a long wait, the Finance Department of Himachal Government has issued Standard Operating Procedure (SOP) to implement OPS. The Chief Secretary of the state has issued an order in this regard.

Will get the benefit of NPS if not selected

If any employee does not choose his pension option by the prescribed time limit, then those people will be kept in NPS only. Along with this, all the employees who will be covered in OPS will also be covered under General Provident Fund Central Service Rules 1960. On the other hand, if any employee selects NPS, then he will also have to deposit the share of NPS on April 1.

What are the advantages of old pension scheme?

Talking about the benefits of the old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

OPS has already been implemented in many states, Rajasthan ranks first among the states to implement old pension scheme. After this, the governments of Rajasthan, Punjab, Chhattisgarh, Jharkhand and Himachal Pradesh have also restored the old pension scheme.

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For this, the facility of option has been given till 31 August. On the basis of the letter sent by Sanjeev Narayan, Additional Secretary, Union Ministry of Personnel, the Personnel Department of UP has started the effort. The New Pension Scheme (NPS) system was implemented in the country from January 2004, ending the old pension system.

In this, 10 percent is deducted from the salary of the employee. The new pension does not have the facility of GPF, whereas it was there in the old pension. In the old pension, there was a system of giving pension according to the salary after retirement. In New, there is a system of payment according to the money in the market.

At present, the demand for old pension is gaining momentum in the country. In such a situation, this letter from the Union Ministry of Personnel is going to give relief. According to the Personnel Ministry letter, personnel of the Central Armed Forces will not come under its purview. The Personnel Department of UP is sending a copy of the letter sent by the Union Ministry of Personnel to all the departments related to it, so that the option can be taken from those who come under its purview by August 31, 2023.

In the letter of the Union Ministry of Personnel, it has been said that on the basis of the advertisement for recruitment till December 22, 2003, continuous representations are being received for giving old pension to those appointed after January 2004. Along with this, various courts and Central Administrative Tribunal have also been giving orders from time to time regarding old pension to such officers and personnel. That is why it has been considered to give the benefit of old pension to such officers and personnel by taking an option.

The option will be taken to the officers and personnel coming under its ambit who are eligible to exercise the option, but who do not exercise this option by the due date, they will not get the benefit of old pension. Officers and employees opting out who fulfill the conditions of coverage under the old Pension Scheme Rules, 1972 (now 2021), NPS accounts will be closed by issuing orders by 31 October 2023 and normal future for them Fund (GPF) subscription will be made mandatory. The adjustment amount of employees’ contribution to their accounts will be credited to the GPF account.

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The officers and employees who got the job from the recruitment advertisement issued by the Union Ministry of Personnel till December 22, 2003, are considered entitled to old pension. In this, both IAS officers and employees are entitled to pension. The option of 31 August 2023 has been given for its application. According to the letter sent by Sanjeev Narayan, Additional Secretary, Union Ministry of Personnel, the Personnel Department of UP has started the work.

10 percent deduction from employee’s salary

Let us tell you that from January 2004, the New Pension Scheme (NPS) system was started for government employees in the country by abolishing the old pension. Under NPS, 10 percent is deducted from the salary of the employee. The old pension has the facility of GPF, but it is not there in the new pension.

For some time, the demand to implement the old pension in the states and the center is gaining momentum. It has been restored by some state governments. In such a situation, the letter from the Union Ministry of Personnel is going to give relief to the employees.

The Personnel Department of UP is sending a letter to the concerned departments,
according to the letter of the Ministry of Personnel, employees of the Central Armed Forces will not come under its ambit. The Personnel Department of UP is sending a copy of this letter to the concerned departments of the government.

Those who come under its purview have been given the option to select the option till 31 August 2023. In a letter issued by the Ministry of Personnel, it was told that under the advertisement issued for government recruitment till December 22, 2003, continuous applications are being received for giving old pension to those recruited after January 2004.

That’s why it has been considered to give the benefit of old pension to the officers and employees who got jobs on the basis of advertisement till 2003. For this the option has been given by the government. If someone wants to enroll himself under old pension, then he has to select its option. If an employee does not select this option till the due date, then he will get the benefit of NPS only. If someone opts for old pension, then by 31 October 2023, their NPS account will be closed by issuing an order.

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Accepting the demands of the employees, old pension (OPS) has been restored in many non-BJP ruled states. The governments of Rajasthan, Chhattisgarh, Himachal Pradesh, Punjab and Jharkhand have started giving the benefit of Old Pension Scheme to the employees. But the Reserve Bank of India (RBI) has warned against this decision of the state governments.

Restoring OPS will increase financial burden

RBI said that restoring the OPS will increase the financial burden of the states. Through ‘State Finances: Study of Budget of 2022-23’ (State Finances: A Study of Budgets of 2022-23), the central bank said in its report that this step is a big risk for the future. This decision can create a problem of unfunded pension liabilities in the coming years. RBI said, there is a possibility of change in the old pension scheme from some states.

The Central Government has been informed

The Central Government has been informed about the decision of the Government of Chhattisgarh, Rajasthan, Himachal Pradesh, Punjab and Jharkhand to restore the Old Pension Scheme (OPS). These governments had promised to restore the old pension in their election manifestos. After this, political tussle is going on between non-BJP and BJP ruled states. RBI said that the annual saving in fiscal resources due to the move to restore the old pension is short-term.

This is how funding is done in OPS.

Let us tell you that in 2004, the BJP-led NDA government had abolished the Old Pension Scheme (OPS) with effect from April 1, 2004. Instead, the National Pension Scheme (NPS) was introduced. Under this, government employees give 10 percent of their basic salary in pension. In this, 14 percent is contributed by the government. Private sector employees are also included in NPS.

Experts say that the old pension is not fiscally sustainable. This is a responsibility that continuously increases the burden on the exchequer. Earlier, former RBI governor D Subbarao also spoke a lot about the negative effect of OPS.

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Now if you also want to take advantage of old pension, then you have a good chance. You will have to decide in the coming 60 days whether you want to be in New Pension Scheme or want to select OPS. Regarding this, SOP has also been issued by the government.

Option to be chosen in 60 days

The government has asked the employees to opt for pension within 60 days. Tell that the beneficiaries of the state government, Himachal Pradesh are getting this facility. State employees are getting the benefit of the old pension scheme from 1 April 2023. Along with this, if anyone has retired earlier, then he will not get the old money in the form of arrears.
Government issued order

After a long wait, the Finance Department of Himachal Government has issued Standard Operating Procedure (SOP) to implement OPS. The Chief Secretary of the state has issued an order in this regard.

Will get the benefit of NPS if not selected

If any employee does not choose his pension option by the prescribed time limit, then those people will be kept in NPS only. Along with this, all the employees who will be covered in OPS will also be covered under General Provident Fund Central Service Rules 1960. On the other hand, if any employee selects NPS, then he will also have to deposit the share of NPS on April 1.

What are the advantages of old pension scheme?

Talking about the benefits of the old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

OPS has already been implemented in many states, Rajasthan ranks first among the states to implement old pension scheme. After this, the governments of Rajasthan, Punjab, Chhattisgarh, Jharkhand and Himachal Pradesh have also restored the old pension scheme.

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old pension scheme

A notification in this regard has already been issued recently through Himachal Pradesh Chief Secretary Prabodh Saxena. According to the notification “In view of the cabinet decision for implementation of the old pension scheme under the CCS (Pension) Rules 1972, the State Government has decided that the State Government employees (employee and employer share) covered under the National Pension System The contribution will be stopped from 1st April, 2023.”

Pension

This move will benefit both retired and serving employees and employees with more than 20 years of service will be entitled to pension of 50 per cent of basic pay and DA. At the same time, this step is likely to put a burden of Rs 1000 crore on the exchequer. Earlier this year, after the Himachal Pradesh government decided to restore OPS, Chief Minister Sukhwinder Singh Sukhu said after a cabinet meeting, “The aim of the government is to provide social security to all.

We have decided to implement OPS from the point of view of social security and humanity. The affordability of OPS expenditure will be achieved through financial discipline and reduction in expenses and we believe that there is nothing that cannot be done.”.

New Pension Scheme Vs Old Pension Scheme

Explain that the old pension scheme is based on the last salary earned by the employee. Whereas NPS is known as Contributory Pension System. Under OPS, the employee can withdraw 50 percent of the last drawn pay as pension after retirement. And under NPS, a person is allowed to withdraw 60 percent of the corpus accumulated during his working years at the time of retirement, which is tax-free. The remaining 40 percent is converted into an annuity product, which can currently provide a pension of 35 percent of the person’s last salary.

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Many state governments have implemented the Old Pension Scheme (OPS) in their state. Now good news is coming out regarding old pension. The Himachal government has also decided to restore the old pension scheme across the country from April 1, 2023, that is, from now on all the people of the state will get the benefit of the old pension scheme.

1.36 lakh employees will get benefit

Giving information, the Himachal Pradesh government has said that the old pension scheme is being restored from April 1, 2023. This will benefit 1.36 lakh employees of the state government, who will not face cuts under the National Pension Scheme (NPS).

The Chief Secretary of the State has given the information.

The Chief Secretary of the State has issued a notification for the implementation of OPS (old pension system). The notification states that as per the decision of the cabinet to implement the old pension scheme, the contribution (employer’s and employee’s share) of state government employees covered under the National Pension System will be stopped from April, 2023.

The issue of OPS was included in the promises of the assembly elections

Restoration of old pension was included in the major promises of the Congress in the 2022 assembly elections and a decision in this regard was taken in the first cabinet meeting on January 13, 2023.

What are the advantages of old pension scheme?

Talking about the benefits of the old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

OPS has already been implemented in many states, Rajasthan ranks first among the states to implement old pension scheme. After this, the governments of Rajasthan, Punjab, Chhattisgarh, Jharkhand and Himachal Pradesh have also restored the old pension scheme.

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At the same time, there is a war in many states regarding its implementation. At present, the government has now looked at the option of Old Pension Scheme, which is going to benefit lakhs of people of the country. Now the central government employees will not have to worry about pension at all and you will get more benefits.

There will be a change in the pension scheme

On behalf of the central government, there is talk of giving benefits equal to the old pension scheme to the employees. Planning has been done by the government regarding this. The government is now considering bringing many provisions in the New Pension Scheme, which will give huge benefits to the employees.

Government considering minimum guaranteed plan

In the midst of all this, many states have refused to implement the new pension scheme. According to media reports, now the central government is planning a minimum guaranteed plan in the new pension scheme. Pensioners will get additional benefit from this. Along with this, it is considering giving more than 14 percent to the contribution, which will affect the government exchequer.

Annuity option can also be available

To increase the pension, it may be possible to invest more in Annuity. At present, 40% of the total fund is invested in annuity, which gives pension of about 35% of the last salary. However, being linked to the market does not guarantee it.

What are the advantages of old pension scheme?

Talking about the benefits of the old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

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The government has also given a hint regarding its implementation. Now big news is coming out from the Ministry of Finance regarding the old pension system. Let us tell you when the government can finally implement this system-

Finance Ministry gave information

The Finance Ministry has constituted a committee to review the Employees’ Pension System. This committee has been constituted under the leadership of Finance Secretary TV Somanathan. This committee will suggest whether any changes are necessary in the existing structure of the National Pension System (NPS) applicable to government employees.

Employees before 2004 are getting the benefit The benefit of the old pension system is being given to the employees who joined the government service before the year 2003. On the other hand, the employees who came in government service from January 2004 are getting the benefit of the new pension system. Apart from the central government, 5 state governments of the country have decided to implement the old pension scheme.

In which states OPS was implemented?

Let us tell you that Rajasthan had first decided to implement the old pension system. After this, the governments of Punjab, Chhattisgarh, Himachal Pradesh and Jharkhand also announced its implementation.

Choose the old pension scheme by August

Let us tell you that all the government employees can choose the old pension scheme. He has the option to choose this pension till 31 August 2023. Along with this, the government has told that the eligible employees who do not select the option of Old Pension Scheme (OPS) till August 31, will be put in the New Pension Yojana.

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A major decision has been taken by the government on the demand of restoring the old pension scheme of government employees. The Finance Ministry has constituted a committee to review the Employees’ Pension System.

This committee has been constituted under the leadership of Finance Secretary TV Somanathan. This committee will suggest whether any changes are necessary in the existing structure of the National Pension System (NPS) applicable to government employees.

Formation of a committee headed by the Finance Secretary

The committee will give suggestions on revising it with a view to improve the pension benefits of the employees covered under NPS. The committee, headed by Somanathan, will have Secretary, Department of Personnel and Training (DOPT), Special Secretary, Department of Expenditure and Chairman, Pension Fund Regulatory and Development Authority (PFRDA) as members. Finance Minister Nirmala Sitharaman had said last month that a committee headed by the Finance Secretary would look into pension related issues under NPS for government employees.

Decision after implementation of old pension from the states

This announcement by Finance Minister Nirmala Sitharaman comes after non-BJP states reinstated the Old Pension Scheme (OPS) and employee organizations in some other states demanded it. The state governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh have informed the Center about their decision to restore the old pension scheme (OPS).

These states have requested the central government to return the funds collected under NPS. The finance ministry told Parliament last year that it was not considering any proposal to restore OPS in respect of central government employees recruited after January 1, 2004.

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Demand is being made on behalf of crores of central and state government employees to restore the old pension. Some state governments have accepted the demands of the employees regarding this. But the Central Government is trying to find a middle ground regarding the old and the new pension scheme.

In view of this, Finance Minister Nirmala Sitharaman, while presenting the Finance Bill on Friday, said in the Lok Sabha that there is a need to reform the National Pension System (NPS). A committee will be formed under the leadership of the Finance Secretary. The Finance Minister proposed to constitute a committee to improve NPS in the matter related to the pension of government employees.

The committee will be constituted under the leadership of the Finance Secretary. The question is, what steps can the government take to find a middle ground amid the long-standing demand of the employees to restore the old pension (OPS)? Sources say that the government is trying to find a way through which the employees can be made happy without putting extra burden on the exchequer.

Trying to find a middle way

Sources say that Modi government is planning to find a middle way on the demand of old pension (OPS). The government is considering two options. As a first option, it is being considered that government employees should be given guaranteed pension at about 50% of the last salary received under NPS. With the implementation of this rule, changes can be made in the existing NPS without putting much burden on the exchequer.

There can be change in NPS in this way

Sources related to Finance Ministry also say that there can be change in NPS in such a way that after retirement the employee will get 41.7% amount as a lump sum amount. The remaining 58.3% amount was received on the basis of annuity. From the analysis it is found that if the 58.3% corpus made up of Central/State Government contribution (14%) is annuitised, the pension in NPS can be around 50% of the last drawn salary. No official statement has been given by the government.

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This also includes minimum guaranteed returns. This is being discussed in the Finance Ministry. However, many state governments have already refused to adopt the New Pension Scheme and have retained the Old Pension Scheme.

Consider increasing the contribution

It is known that in the new pension scheme, there can be a plan for minimum guaranteed pension and the pensioner will also get additional income. It is also being considered to increase the contribution beyond 14%. Contribution will increase without burdening the exchequer. To increase the pension, it may be possible to invest more in Annuity. At present, 40% of the total fund is invested in annuity, which gives pension of about 35% of the last salary. However, being linked to the market does not guarantee it.

National Pension Scheme is in force since 2004

The National Pension Scheme (NPS) is effective in the country from April 1, 2004. The Old Pension Scheme (OPS) was abolished by the Vajpayee government in December 2003. In the old pension scheme, the pension was 50 percent of the last salary of the employee. The government used to pay its entire amount.

At the same time, NPS is for those employees who joined the government service after April 1, 2004. Employees contribute 10% of their salary towards pension. Apart from this, the state government contributes 14 per cent. The entire pension money is deposited with the pension regulator PFRDA, which invests it.

What is New Pension Scheme-NPS?

In the year 2004, the government started the National Pension Scheme. NPS gives investment approval to government employees. Under this, he can allow the investment of his money by making regular contributions to the pension account throughout his career. After retirement, a part of the pension amount is allowed to be withdrawn in lump sum. For the remaining amount, you can buy an annuity plan.

Annuity is a type of insurance product. A lump sum investment has to be made in this. It can be withdrawn monthly, quarterly or annually. He gets regular income till the death of the retired employee. At the same time, after death, the full money is received by the nominee.

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After a long wait, the government has decided to give the old pension scheme to the Central Government Employees. Yes, now you can choose the old pension scheme option. Let us tell you that for a long time there was a war going on across the country regarding OPS and NPS, after which now the Modi government has made a big announcement.

Which employees will get the benefit of OPS?

According to the update received on the old pension scheme, if any employee has been recruited in the job before December 22, 2003, then all of them will get the benefit of the old pension scheme. At the same time, all those employees who have joined the government job after December 22, 2003, will not get the benefit of the old pension scheme. Those people will be covered in the new pension scheme.

Choose the old pension scheme by August

Let us tell you that all the government employees can choose the old pension scheme. He has the option to choose this pension till 31 August 2023. Along with this, the government has told that the eligible employees who do not select the option of Old Pension Scheme (OPS) till August 31, will be put in the New Pension Yojana.

Will not be able to change after selecting

According to the official information, if any employee selects the option of going to the old pension scheme, then it will be considered as the last option. After this, all those employees will not be able to go to the new pension scheme.

What are the advantages of old pension scheme?

Talking about the benefits of the old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

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However, this demand has been happening for a long time. A few days ago, the Modi government at the Center decided to give the benefit of Old Pension Scheme (OPS) to some selected central employees. Under this, all central employees (Government Employees) will not be able to get the benefit of the old pension scheme. According to the new update given by the government, the employee who has joined the government job through recruitment released before December 22, 2003, only he will get the benefit of Old Pension Implemented.

Apart from this, the employees who have got jobs through recruitment released after December 22, 2003 will not get the benefit of old pension. They will be given pension cover under the National Pension Scheme. Along with this, the government has also made it clear that if an employee opts to go from New Pension Scheme to Old Pension Scheme (NPS To OPS), then it will be considered as his last option. This means that he will not be able to switch to the new pension scheme again.

At the same time, amidst the continuous demand from the central employees, the old pension scheme has been implemented once again in 5 states of the country. These states include Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh. Rajasthan is at number one among the states implementing the old pension scheme. At the same time, recently the Himachal Pradesh government has decided to implement the old pension scheme from April 1. Here we are going to tell you about all the states where the Old Pension Scheme in States has been implemented. So let’s know…

Rajasthan: In Rajasthan, the Congress government led by Ashok Gehlot has successfully implemented the old pension system (Rajasthan Implemented Old Pension Scheme (OPS)). It became the first state to restore OPS. During the presentation of the state budget 2023-24, CM Gehlot announced the benefit of the old pension scheme (OPS) to all serving and retired employees instead of the new pension scheme.

Chhattisgarh: The state cabinet led by Chief Minister Bhupesh Baghel (Bhupesh Baghel) after the announcement of the budget gave the employees the option to choose the new and old pension scheme (OPS). The cabinet decided that the employees can go back to OPS after depositing the contribution made by the state towards the National Pension System (NPS) and the dividend earned thereon.

Jharkhand: On 1 September 2022, the Jharkhand cabinet approved the restoration of the Old Pension Scheme (Old Pension Implemented in Jharkhand). Implementing OPS in the state was one of the election promises of the Hemant Soren government.

Punjab: The Chief Minister of Punjab (Bhagwant Mann) talked about implementing the old pension scheme in the state in November 2022. After this decision of the state government, now more than 1.75 lakh government employees are going to get the benefit of the old pension scheme.

Himachal Pradesh: It is the latest state to implement the old pension scheme. In the Himachal Pradesh cabinet meeting, Chief Minister Sukhwinder Singh Sukhu approved the implementation of OPS (OPS restored in Himachal) as promised in his election manifesto.

Let us tell you that under the old pension scheme i.e. Old Pension Scheme (OPS), before the year 2004, the government used to give a fixed pension to the employees after retirement. This pension was based on the salary of the employee at the time of retirement.

In this scheme, after the death of the retired employee, his family members were also given the benefit of pension. However, on April 1, 2004, the government of Alt Bihari Vajpayee decided to discontinue the Old Pension Scheme. After which, in the year 2004, the National Pension System was started in place of the old pension scheme.

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After this, now the central employees (Government Employees) are going to bat. However, not all employees are going to get the benefit of the Old Pension Scheme. Because according to the new update released by the government, only a few selected employees are being given the opportunity to opt for the Old Pension Scheme (OPS).

In such a situation, there is a question in the mind of the central employees whether they are eligible for the benefits under the old pension or not. If you are an employee of the Central Government and want to know whether you are among the beneficiaries of the old pension scheme or not, then definitely read this news.

Which employees are going to get the benefit of Old Pension Scheme (OPS)

According to the new update regarding old pension, the employees joining the services of the Central Government under the advertised or notified posts before December 22, 2003, the date of notification of the National Pension System (NPS) Eligible to join the old pension scheme under the Central Civil Services (Pension) Rules, 1972 (now 2021).

Understand this in simple words, if an employee has joined the government job through the recruitment that came out before December 22, 2003, then he will get the benefit of old pension. There itself. The employees who have got jobs through recruitment released after December 22, 2003 will not get the benefit of old pension. They will be given pension cover under the National Pension Scheme.

Know the last date for choosing the old pension scheme

Government employees who are eligible to opt for the old pension scheme can exercise this option till August 31, 2023. Along with this, the government has also told that if the eligible employees do not opt ​​for the Old Pension Scheme (OPS) by August 31, 2023, then they will be given pension under the New Pension Scheme (NPS).

On the other hand, if an employee chooses to go from the new pension scheme to the old pension scheme (NPS To OPS), then it will be considered as the last option. This means that he will not be able to switch to the new pension scheme again.

What is Old Pension Scheme

Let us tell you that under the old pension scheme i.e. Old Pension Scheme (OPS), before the year 2004, the government used to give a fixed pension to the employees after retirement. This pension was based on the salary of the employee at the time of retirement. In this scheme, after the death of the retired employee, his family members were also given the benefit of pension. However, on April 1, 2004, the Central Government had decided to discontinue the Old Pension Scheme. After which, in the year 2004, the National Pension System was started in place of the old pension scheme.

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Central employees were demanding implementation of old pension. They believe that the new pension scheme offers less facilities and benefits than the old pension scheme. Along with this, according to the central employees, they were also facing some problems in the New Pension Scheme (NPS).

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In an important decision, the government has decided to give one time option to central government employees to switch to Old Pension Scheme (OPS). With this, government employees will be able to switch from the new pension scheme to the old pension scheme. However, this decision taken by the Modi government is not applicable to all government employees. Only selected government employees will be able to take advantage of this.

NEW PENSION SCHEME

According to media reports, government employees who applied for jobs advertised before December 22, 2003, the day the National Pension System (NPS) was notified, but joined service in 2004, will be able to shift to OPS. Joined when NPS came into force. NPS was notified on 22 December 2003. As per DoPPW, eligible employees can exercise the one-time option till 31 August 2023.

The old pension scheme

will benefit many government employees. The order will apply to Central Armed Police Forces (CAPF) personnel and other central government employees who joined the services in 2004, as the recruitment process was delayed due to administrative reasons. Employees’ contribution to NPS will be credited to the General Provident Fund (GPF) of the individual.

Pension Scheme

The Bharatiya Janata Party-led government has said that restoring the old system will put unnecessary financial burden on the government. While many opposition ruled states like Chhattisgarh, Rajasthan, Jharkhand, Punjab and Himachal Pradesh have also announced to restore OPS. As on January 31, 23,65,693 central government employees and 60,32,768 state government employees were enrolled under NPS. NPS was implemented by all the states except West Bengal.

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The Ministry of Personnel has issued an order in this regard. In an order issued on Friday, the government told that after all, which selected employees are being given the opportunity to opt for the Old Pension Scheme (OPS). Let us know in detail that which employees will get the benefit of this decision of the government?

According to the order issued on Friday by the government, according to the order issued on Friday, the date of notification of the National Pension System (NPS), the employees joining the services of the Central Government under the posts advertised or notified before December 22, 2003, the Central Civil Services ( Pension) Rules, 1972 (now 2021) are eligible to join the old pension scheme. The concerned government employees can exercise this option till August 31, 2023.

The National Movement for Old Pension Scheme (NMOPS), an organization of more than 14 lakh central and state government employees, has welcomed the government’s decision. Manjit Singh Patel, head of the Delhi unit of NMOPS, said, “This is good news for the eligible central government employees. We once again request the Central Government to amend the existing New Pension Scheme so that all Central Government employees can get the benefits of the old pension scheme.

Let us tell you that in 2004, the then Central Government had abolished the Old Pension Scheme and in its place the system of New Pension Scheme was implemented, but the employees’ organizations have been continuously opposing it. Because they believe that there are some anomalies in NPS. Now the government has given a big relief to a section of employees by giving them the option to choose OPS again.

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These employees are going to get a single time option to switch from New Pension System to Old Pension Scheme (Switch NPS to OPS) . Recently Congress ruled states like Rajasthan, Chhattisgarh and Himachal Pradesh have re-implemented the old pension scheme. At the same time, in this regard, there has been a tussle between the state governments and the central government for demanding the money deposited in NPS from the central government.

These people will get a chance to switch

The Department of Pension and Pensioners’ Welfare (DoPPW) issued an official communication on Friday. In this, the eligibility of potential people switching to the old pension scheme has been talked about.

It has been said in the memorandum of DoPPW that if a civil servant has been appointed in the Central Government on the basis of vacancy or advertisement that came before the date of notification of the new pension system i.e. 22 December 2003, then he will be given the old pension system only once. (CCS Pension Rules 1972) will get an opportunity to choose. However, for this, his joining should have happened on or after 1 April 2004 and should come under the purview of the National Pension System.

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Meanwhile, now a demand is being made on behalf of the railway employees to implement the Old Pension Scheme. Many states have already decided about this and they have also started it in their states. Meanwhile, a big statement has come from Union Finance Minister Nirmala Sitharaman. The Finance Minister clearly said that the money of the New Pension Scheme (NPS) cannot be given to the state governments for old pension (OPS).

In a post-budget discussion at a hotel in Jaipur, Sitharaman said that if a state government has decided to restore old pension thinking that it will get NPS money from the Centre, Rajasthan government is demanding transfer of money . , then it will not be found. Let us tell you that the Old Pension Scheme has been implemented in Rajasthan from April 1, 2022. Only after that the Congress government of the state is demanding to transfer the money deducted under the New Pension Scheme (NPS).

The money will be given to the employees only.

After this, the old pension scheme was implemented by the Himachal government on the lines of Rajasthan. The Finance Minister clarified that the money deducted from the salary under NPS belongs to the employees. This will be given to them at the time of retirement or when the employee needs this money, it will be given to them. The money collected will not be given in the hands of the state governments. When the right time comes, then it will be given to the employees.

Finance Minister spoke on free schemes

In response to the question of free schemes given by the state government, Sitharaman said, ‘When the financial condition of the government is good, you run such schemes. Make provision for them in your budget. If the economic condition of your state is not good, then you are not making provision in the budget, for that you are taking loan. This is not correct. Who will give this money?’

He said, to bring such schemes, the states should raise money from their own resources, should earn from tax. States are passing their burden on someone else to run free schemes… This is totally wrong.

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The demand of these employees and pensioners was to restore the old pension. Before this, many state governments have restored the old pension. The Chief Minister of Chhattisgarh, Bhupesh Baghel, who restored the old pension, recently demanded to restore it across the country during an interview.

Gave a statement moving away from the party line

Now a big update came in the demand of old pension being made by the employees when BJP MLA Gaurishankar Bisen in MP gave a statement moving away from the party line. Former Agriculture Minister Bisen attacked against his own government. During this, he said that even if he is expelled from the party or removed from his post, the old pension scheme should be restored.

Take my voice to Delhi…

He said, just as husband needs wife and wife needs husband in old age, in the same way old age pension is necessary for the employees. Take my voice to Delhi… Give old pension to lakhs of comrades… It doesn’t matter if the party will expel me, take away my post. But if the stove in your house does not burn, it will make a difference.

Guaranteed pension should be given at 50% On the other hand sources have claimed that Modi government is planning to find a middle way on the demand of old pension. As a first option, it is being considered by the government that the government employees should be given guaranteed pension at about 50% of the last salary received under NPS. With the implementation of this rule, changes can be made in the existing NPS without putting much burden on the exchequer.

Sources claim that the officials have made such a plan that there may be a change in NPS in such a way that after retirement, the employee will get 41.7% of the amount as a lump sum and the remaining 58.3% on the basis of annualization. An analysis has also shown that if the 58.3% corpus made up of Central/State Government contribution (14%) is annuitised, the pension in NPS can be around 50% of the last drawn salary. So far no official statement has been given by the government on this.

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During this, Ashok Gehlot made many important announcements for the state. The Chief Minister placed the budget (income-expenditure estimate for the year 2023-24) on the table of the House on Wednesday. At the same time, this is the fifth and last annual budget of the present government. During this, the Rajasthan government also made an important announcement regarding the old pension scheme.

Old Pension Scheme

Rajasthan Chief Minister Ashok Gehlot made a big announcement regarding the old pension scheme while presenting the budget. Presenting the budget, Ashok Gehlot said that the old pension scheme (OPS) will also be restored for the employees of boards and corporations in the state. Gehlot made this announcement while presenting the budget for the financial year 2023-24 in the state assembly.

Employees benefit

Ashok Gehlot had announced to restore the old pension scheme for state government employees in last year’s budget. Extending this, Gehlot has now announced the benefits of the old pension scheme to the employees of state government boards, corporations, academies and universities. He said that this would benefit more than one lakh employees. Please inform that assembly elections are also going to be held in Rajasthan at the end of this year.

PM Modi said that some states are adopting the old pension scheme back. On this issue, PM Narendra Modi, during his Rajya Sabha address on Thursday, warned the states of the economic crisis in the neighboring countries. In a possible reference to the old pension scheme, PM Modi said that political parties should think about its steps and should not play with the future of the country’s children. He said that states should be financially disciplined.

The decision taken by these states

is noteworthy that the governments of five states Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh have informed the Center about their decision to withdraw the old pension scheme. These states have again adopted the old pension scheme.

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It was made a serious issue in the assembly elections of some states, but now some states have implemented the old pension scheme. The Modi government has informed in the House that the state governments have informed about the implementation of the old pension scheme in 5 states of the country. Know what is the new update…

Old pension applicable in these states

Giving information in the Lok Sabha, Minister of State for Finance Bhagwat Karad said on Monday that the governments of 5 states of the country, Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh, have implemented the old pension scheme once.

The central government has been informed about its decision to implement again. He said that, according to the RBI report ‘State Finances: A Study of Budget of 2022-23’, the annual savings in fiscal resources that the move entails are short-term. These states are at risk of unfunded pension liabilities in the years to come.

Information given to Pension Fund Regulatory

Bhagwat Karad, in reply to a written question in the Parliament, informed that the state governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh have decided to revive the old pension scheme (OPS) for their state government employees. Information has been given to the Central Government about this. Along with this, the Pension Fund Regulatory and Development Authority (PFRDA) has also been informed.

RBI had told the risk

Earlier, the RBI had said in its report about the old pension scheme that those who are talking about implementing the old pension system in the state. Due to this, a big risk is coming to the states regarding the fiscal scenario. According to the report, by postponing the current expenses for the future, the states will create such liabilities in the coming years, for which they do not have the finance system.

On the other hand, in the old pension system, the pension of the employees is 50 percent of the last salary drawn before retirement. The amount which was given by the government.

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Old Pension Scheme In States: There has been a lot of hue and cry in the country over the old pension and new pension system (Old and New Pension Scheme). Central and state governments have come face to face many times regarding its implementation. It was made a serious issue in the assembly elections of some states, but now some states have implemented the old pension scheme. The Modi government has informed in the House that the state governments have informed about the implementation of the old pension scheme in 5 states of the country. Know what is the new update…

Old pension applicable in these states

Giving information in the Lok Sabha, Minister of State for Finance Bhagwat Karad said on Monday that the governments of 5 states of the country, Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh, have implemented the old pension scheme once. The central government has been informed about its decision to implement again. He said that, according to the RBI report ‘State Finances: A Study of Budget of 2022-23’, the annual savings in fiscal resources that the move entails are short-term. These states are at risk of unfunded pension liabilities in the years to come.

Information given to Pension Fund Regulatory

Bhagwat Karad, in reply to a written question in the Parliament, informed that the state governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh have decided to revive the old pension scheme (OPS) for their state government employees. Information has been given to the Central Government about this. Along with this, the Pension Fund Regulatory and Development Authority (PFRDA) has also been informed.

RBI had told the risk

Earlier, the RBI had said in its report about the old pension scheme that those who are talking about implementing the old pension system in the state. Due to this, a big risk is coming to the states regarding the fiscal scenario. According to the report, by postponing the current expenses for the future, the states will create such liabilities in the coming years, for which they do not have the finance system. On the other hand, in the old pension system, the pension of the employees is 50 percent of the last salary drawn before retirement. The amount which was given by the government.

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Due to increase in pension, more money will come in your account, but only a few people will be able to get its benefit. Let us tell you that a campaign is going on across the country to implement the old pension scheme. At the same time, in such a situation, the increase in pension by up to 50 percent is very good news for the employees.

The instructions issued let us tell you that the pensioners and their families related to the retired government servants in the year 2006 are going to get this benefit from the state government. Pension has been revised, in which instructions have been issued for additional pension.

These people will get 30 percent extra pension . In this regard, a notification has been issued that pensioners and family pension holders below the age of 80 to 85 years will get the benefit of 20 percent extra pension. Along with this, pensioners and family pensioners in the age group of 85 to 90 years will get 30 percent more of the basic pension i.e. these people will get 30 percent extra pension.

Will get 50 percent more pension , along with this, pensioners and family pensioners between the age of 90 years to less than 95 years will get 40 percent more of the revised basic pension or family pension. At the same time, pensioners below the age of 95 to 100 years will get 50 percent more pension amount. Apart from this, 100 percent additional pension amount will be available for people aged 100 years or more.

Action will be taken by the officer, let us tell you that it will benefit the pensioners of the state. The process of acceptance of additional pension or family pension amount will be ensured by the pension officer or the regional office of public sector banks. Apart from this, the payment order of pension or family pension amount will also be given by the officer only.

Old Pension Scheme

If we talk about the benefits of the old pension scheme, then its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

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At the same time, the demand for its implementation is going on in full swing in many states. A big statement has been issued by Haryana Chief Minister Manohar Lal Khattar on the old pension scheme. Let us tell you when the central government can restore the old pension scheme?

India will be bankrupt by 2030

Haryana Chief Minister Manohar Lal Khattar has said that India will be bankrupt by 2030 if the Old Pension Scheme (OPS) is implemented. The Chief Minister has said that yesterday I received a message on WhatsApp in which a Central Government official said that if the Old Pension Scheme (OPS) is implemented, the country will be bankrupt by 2030.

There was protest in 2006 as well.

Further, the CM of Haryana told that in the year 2006 also there was protest regarding the old pension scheme. The country’s great economist Manmohan Singh and he told in the year 2006 that the old pension scheme can make India backward.

These 4 states have implemented

Let us tell you that earlier Chhattisgarh Government, Rajasthan Government, Punjab Government have implemented the old pension system. Along with this, Himachal government has also implemented this system.

What are the advantages of old pension scheme?

Talking about the benefits of the old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

Only these people will get the benefit of OPS, recently the Delhi High Court has decided that the Central Paramilitary Forces (CAPF) will get the benefit of the old pension scheme. The court has told that it is an armed force, due to which these people will get the benefit of OPS. They are eligible for this scheme. Thousands of ex-servicemen are expected to get great relief from this decision of the court.

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Some states with Congress government have announced to restore the old pension scheme. The old pension scheme has been implemented in Chhattisgarh, Rajasthan, Himachal Pradesh and Punjab.

If voted to power, OPS will be restored

In Madhya Pradesh too, opposition Congress leader Kamal Nath has announced to implement old pension on coming to power. However, the Central Government has not given any clear answer regarding its implementation. Minister of State for Finance Bhagwat Karad had also given a statement in Parliament last days regarding the restoration of old pension. Meanwhile, all the personnel of the Central Armed Police Forces (CAPF) will get the benefit of the old pension scheme.

Order to issue guidelines in eight weeks

Let us tell you that in a decision by the Delhi High Court, an order has been given to restore the old pension for all the employees of the Central Armed Police Forces. The court has asked the Center to issue necessary guidelines on this within eight weeks.

Office memorandum rejected

The 2003 notification of the Ministry of Finance and an Office Memorandum (OM) of 2020 of the Department of Pension and Pensioners Welfare have been rejected by the High Court. According to the advertisement dated January 1, 2004, the personnel appointed in the Central Paramilitary Forces have been deprived of the benefits of the old pension scheme.

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For some special people doing government jobs, the government has decided to restore the old pension system (OPS). Delhi High Court has given a big decision regarding this. The High Court has told that all the people across the country want to take advantage of the Old Pension Scheme, but at this time it is being restored for some special people.

Delhi High Court has issued the order giving information that the Central Paramilitary Forces (CAPF) will get the benefit of the old pension scheme. The court has told that it is an armed force, due to which these people will get the benefit of OPS. They are eligible for this scheme. Thousands of ex-servicemen are expected to get great relief from this decision of the court.

Will always get the benefit of old pension

Justice Suresh Kait and Nina Bansal’s bench has ruled on 82 petitions and has said in its decision that whether someone is recruited in these armed forces today or whether someone has been recruited before or will come If there is any recruitment in time, then all those people will come under the ambit of old pension only.

Central forces got a lot of relief

Let us tell you that the detailed copy of this decision has not been uploaded on the website yet, but this decision of the government and the court has given a lot of relief to the central forces.

What are the advantages of old pension scheme?

Talking about the benefits of the old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

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Old Pension Scheme (c big news is coming out. Please tell that now 1.36 lakh employees will also get the benefit of the old pension scheme. Along with the central government, the state government is implementing pension schemes at its level.

The old pension scheme has come into force Tell that after the implementation of the old pension scheme in many states, the government employees living in Himachal Pradesh will now get the benefit of the old pension scheme. After hearing this news, a wave of happiness has run among the employees. Giving information, the Chief Secretary of the state has told that instructions have been given to implement the decision of the Finance Department.

Restored old pension scheme

According to the information received from the state government, about 1.36 lakh employees will be benefited by this decision. Terms, conditions and SOP have been issued by the Finance Department. The Congress government has approved the restoration of the old pension scheme as per the election promise.

The government is making this plan for women, along with this, a plan is being made to give Rs 1500 per month to women from 18 years to 60 years. Along with this, one lakh jobs will be created in a month to increase employment. Along with this, the employees coming in government service from January 1, 2004 come under the New Pension Scheme.

These 4 states have implemented Let us tell you that earlier Chhattisgarh Government, Rajasthan Government, Punjab Government have implemented the old pension system. Along with this, Himachal government has also implemented this system.

What are the advantages of old pension scheme?

Talking about the benefits of the old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

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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.

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RBI said that if the states implement the old pension scheme, then there is a big threat to their financial management. The RBI has issued an annual report on the finances of the states, in which the financial condition of the states after the Corona epidemic has been described as very promising but has expressed concern about the old pension scheme.

This statement of RBI has come at a time when some state governments are restoring the old pension scheme. Earlier this month, Himachal Pradesh became the fourth state to go back to OPS for state government employees. Chhattisgarh, Rajasthan and Punjab have also started OPS.

RBI said this in the report In its latest report on State Finance, RBI said about the old pension scheme, ‘The annual savings in fiscal resources that this move entails is short-lived. By postponing current spending to the future, states are running the risk of unfunded pension liabilities in the coming years.

States may face trouble

RBI has called it a big threat to the sub-national fiscal horizon. At the same time, RBI has called for higher capital expenditure on health, education, infra and green energy from the states. In the report, the RBI said that off-budget borrowing, along with improving the fiscal position in states, is an issue that the Union finance ministry took up with state governments. RBI has suggested that states should focus on higher capital expenditure.

States will not be able to bear the financial burden of OPS In November, former chairman of NITI Aayog Arvind Panagariya had also said that states will not be able to bear the financial burden of OPS. According to the report of Indian Express, he said that no state can do this because the liability will be huge.

For this reason, the demand for old pension by the employees is actually, after the implementation of the New Pension Scheme in January 2004, the OPS was abolished. Under the old pension scheme, when the employee retired, he was paid 50 percent of the last salary as pension. On the other hand, in the Old Pension Scheme, there was no effect of the service period of the employee.

Apart from this, along with the increase in dearness allowance every year, there was an increase in the salary when the pay scale was implemented. After the death of the OPS holder, the wife or other dependent got the pension. Due to these reasons, the employees are demanding re-implementation of the Old Pension Scheme. Some state governments have announced to implement OPS again.

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The direction is part of a judgment by a bench of Justice Suresh Kant and Justice Nina Krishna Bansal, which said that the Central Armed Police Forces (CAPFs) are part of the armed forces of the central government and should be given the same benefits as them.

The benefits of Pension Scheme

OPS will be applicable to CAPF personnel as per CCS Pension Rules, 1972. The Delhi High Court Bench held that Article 246 of the Constitution envisages the Armed Forces of the Union of India to include “Naval, Military and Air Force; any other Armed Forces of the Union”, and therefore CAPF personnel are entitled to similar OPS benefits Along with this, the court has also ordered the Center to issue necessary orders within 8 weeks.

In fact, the Delhi High Court was hearing a batch of 82 petitions seeking quashing of orders denying OPS benefits to CRPF, BSF, CISF and ITBP personnel. The petitioners argued that on 22 December 2003, the Ministry of Home Affairs issued a notification for the implementation of the New Pension Scheme with effect from 1 January 2004.

Pension Scheme He said that the benefit of OPS was given to those paramilitary personnel whose recruitment process was completed by December 31, 2003, but they had joined the force after January 1. The court noted that the 2003 notification for the New Contributory Pension Scheme (NPS) mentioned that ‘with effect from January 1, 2004, the system would be mandatory for all new recruits to the service of the Central Government (except the armed forces in the first phase)’.

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Delhi High Court quashes the notification The Delhi High Court quashed a 2003 notification of the Ministry of Finance and an Office Letter (OM) of the year 2020 of the Department of Pension and Pensioners Welfare, in which the Central The personnel appointed in the paramilitary forces have been deprived of the benefits of the old pension scheme.

In this case, the personnel of the Central Reserve Police Force (CRPF), Sashastra Seema Bal (SSB), Border Security Force (BSF), Central Industrial Security Force (CISF) and Indo Tibetan Border Police (ITBP) have filed petitions.

Know what the bench of two judges said
Justice Suresh Kumar Kait and Justice Nina Bansal Krishna’s bench said, ‘It is clarified that the notification dated December 22, 2003 as well as the old pension scheme (OPS) 17 The office memorandum of February, 2020 will be applicable in Rem (directed against anything).

This means that the OPS will be applicable not only to the petitioners in this case, but to all CAPF personnel at large, the bench said. Accordingly, necessary orders may be issued within eight weeks.

The judgment was pronounced on Wednesday and uploaded on the High Court website on Thursday.

Let us tell you that demand is being raised not only from the paramilitary forces, but also from the employees regarding the old pension scheme. A decision has been taken on this in states like Rajasthan, Chhattisgarh, whereas in Himachal Pradesh also the government is preparing to take a decision on this.

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The bench of Justice Suresh Kumar Kat and Justice Nina Bansal has given this decision rejecting all the petitions.

The Delhi High Court said in its decision that according to the CCS (Pension) Rules, 1972, the benefit of Old Pension Scheme will be given to all employees of CRPF, BSF, CISF and ITBP. The court further said in its order that according to the notification issued on December 22, 2013, all other Central Government employees except the Armed Forces will get the benefit of the new pension scheme.

What did the court say about the old pension scheme

The Delhi High Court said in its order that the Old Pension Scheme already exists for the Armed Forces. In such a situation, the new pension scheme has not been implemented. The court also informed that in the notification of the new pension scheme, the same information has been given that the new pension scheme is not for the armed forces. This means that CAPF personnel will continue to get the benefit of the old pension scheme.

Arm force is under the Ministry of Home Affairs

The Delhi High Court cited a Supreme Court judgment v. Union Territory of Mizoram, (1981) which showed that the CRPF is a part of the armed forces. Further, the court said that in a circular issued by the Home Ministry of the Government of India on August 6, it was said that the Central Force comes under the Ministry of Home Affairs. For this reason the Arm Force is under the Centre.

The Delhi High Court read the Pension and PW Department’s memorandum of November 2003, the clarification letter dated December 6, 2004 and the office memorandum dated December 17, 2022. As per all these notifications, BSF, CISF, CRPF, ITBP, NSG, Assam Rifles and SSB Central Forces are part of Ministry of Home Affairs.

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OPS will be implemented in the first cabinet
Himachal CM Sukhwinder Singh Sukhu has said that our cabinet will be formed this month and after that in the first cabinet meeting we will implement the old pension scheme, which will give huge benefit to lakhs of employees.

Will be expanded soon
Considering the cabinet, he has presented his decision to everyone, which will be expanded soon. As soon as its list comes, it will be implemented.

It will be implemented in many other states as well
. In the budget of the year 2022, the Rajasthan government had also announced to restart the old pension in the next financial year. Along with this, the state government is going to implement it in Chhattisgarh as well. In the year 2004, the Central Government abolished the old pension scheme and started the National Pension System instead.

What are the advantages of old pension scheme?
Talking about the benefits of the old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

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But on behalf of the Central Government, Minister of State for Finance Bhagwat Karad has flatly refused to implement it. In Himachal Pradesh too, the old pension scheme became an election issue. Expressing concern over the restoration of the old pension scheme (OPS) in some non-BJP ruled states, Sanjeev Sanyal, a member of the Economic Advisory Council to the Prime Minister (EAC-PM), said that without the old pension schemes, the future generation is a ‘tax’. That means their burden will fall on the future generation.

2023 is going to be a difficult year, Sanyal said that it is clear that 2023 is going to be a difficult year in view of the current stress in the global economy and the repeated downgrading of the global GDP growth rate by international agencies. Is. He said in an interview, ‘It should be very clear that non-contributory pension schemes will ultimately put the tax burden on future generations. A lot of attention needs to be paid while taking steps away from the pension reforms that have been done with great difficulty in the last few decades.

Government gives full amount in OPS Under OPS, full amount of pension was given by the government. The scheme was discontinued by the then National Democratic Alliance (NDA) government from April 1, 2004. Under the new pension scheme, employees contribute 10 percent of their basic salary to their pension, while the state government’s contribution is 14 percent. Congress ruled states Rajasthan and Chhattisgarh have decided to implement OPS, Jharkhand has also decided to adopt old pension scheme. The Aam Aadmi Party-ruled Punjab has also approved the re-implementation of OPS.

In response to the question of what steps should be taken to reduce the trade deficit with China, dependence on the country is a cause of trouble , Sanyal said, “Dependence on any one country is a cause of trouble and we should take this matter seriously.” Wanted. Efforts are being made not to depend on only one country for procuring important components of medicines or essential items including chips for manufacturing.

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There is a growing demand in many states to implement the old pension scheme. Government employees have been demanding for a long time to implement the old pension scheme. Meanwhile, great news has come for the employees. Recently, after the elections held in many states, discussion has started regarding the old pension scheme.

Demand for old pension scheme After the elections held in Gujarat and Himachal Pradesh, the employees are demanding to implement the old pension scheme. The old pension scheme is an important issue in the election manifesto of Congress. In Rajasthan, Chhattisgarh and Punjab, the government is once again switching back to the old pension scheme.

Who will get the benefit of OPS?

No concrete answer is being given by the central government regarding the old pension scheme, but the opposition is cashing in on this issue in the elections and its effect can also be seen in the coming days. At present, it is believed that the Central Government may consider giving the old pension scheme to those government employees for whose recruitment advertisements were issued on or before December 31, 2003.

Benefits of old pension scheme If we talk about the benefits of old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.

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In response to the question asked by Congress MLA Ravindra Singh Tomar regarding the old pension of the employees, Jagdish Deora has written that NPS has been implemented by the state government for all government servants appointed on or after January 1, 2005. There is no provision of minimum pension in the National Pension System.

Annuity is received on the basis of 40 percent of the total contribution deposited by the government servant during the entire service period and the contribution in the fixed ratio of the state government, the remaining amount is paid in lump sum.

When will the old pension scheme be implemented in the state?

Finance Minister Deora further said that this amount is based on the salary and total service period of government servants. At present no proposal for old pension is under consideration.

The Congress MLA had asked the Minister that any action is being taken regarding the restoration of the old pension system after retirement to the officers and employees of the State Government appointed after January 1, 2005, if so, by when. Otherwise why, Deora has answered this question.

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Yes, in the Andhra Pradesh cabinet meeting, it was agreed to increase the pension amount by 10 percent. Approval has been given by the cabinet to increase the existing social pension in the state from Rs 2,500 to Rs 2,750 per month. About 65 lakh pensioners of the state will get the benefit of this.

There will be an additional burden of Rs 130.44 crore.

In fact, there are currently 62 lakh pensioners in the state and 2.43 lakh will be added to this government scheme this month. New pensioners and old pensioners will be given enhanced pension from January 1, 2023. In the official release issued by the government, it was told that due to this change in pension, the government will have an additional burden of Rs 130.44 crore every month.

Apart from this, the cabinet also approved

the Andhra Pradesh Pumped Storage Electricity Promotion Policy-2022 for promoting ‘pumped storage’ and hydropower projects for the use of non-conventional sources of energy. According to the statement, the cabinet also approved the proposals of JSW Steel Ltd. for setting up an integrated steel plant in YSR district and Adani Green Energy Ltd. for setting up a total of 1,600 MW of pumped hydro storage projects in the state.

Let us tell you that the government employees of many states are demanding to restore the old pension scheme. Meanwhile, many state governments have announced to restore the old pension. But a statement has been given by the Central Government clarifying the position on this matter in the Lok Sabha. It was told by the government that there is no idea of ​​implementing the old pension scheme. He also said that there is no provision for refund of NPS money.

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In the manifesto issued by the Congress for the Himachal elections, it was promised to implement the old pension scheme after coming to power. Now in other states of the country too, the enthusiasm regarding the old pension scheme has intensified. Assembly elections are to be held in Madhya Pradesh next year. At present there is a BJP government in the state. In such a situation, the opposition parties are making tempting promises.

Kamal Nath tweeted

Former Chief Minister of the state and former state president Kamal Nath said that if the Congress comes to power in the state next year, the old pension scheme will be restored. He said that the old pension scheme will be replaced by the ‘New Pension Scheme’ implemented by the Center in 2004. Kamal Nath said in a tweet on Sunday that the pension withheld by the Shivraj government will be restored once the Congress government is formed in Madhya Pradesh.

‘Kamal Nath backs down after making promises’

BJP secretary Rajneesh Agarwal took Kamal Nath’s promise lightly. He said that the history of Kamal Nath has been of making promises to the people and not fulfilling them. He is known for going back on the promises made before the elections. This was seen in the last 15 months of his rule in MP. They change after coming to power. Chief Minister Shivraj Singh Chouhan has taken several steps for the welfare of government employees. He also said that Kamal Nath had stopped all the schemes started by the BJP government after coming to power.

Let us tell you that Congress has already restored the old pension scheme in Rajasthan and Chhattisgarh. Apart from this, Congress has returned to power with the promise of implementing old pension in Himachal. On the other hand, the Bhagwant Mann government of Punjab has also implemented the old pension scheme for government employees. Now by promising to implement the old pension in Madhya Pradesh, the Congress has made the election battle interesting. Now it will be decided in the coming times that which government will come to power?

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But in Himachal, the Congress has snatched away the key to power from the BJP. The Congress holds 40 of the 68 assembly seats in Himachal. The party got 43.90 percent votes this time. The names of Sukhwinder Singh Sukhu, Mukesh Agnihotri and Pratibha Singh are doing the rounds for the next Chief Minister of the state.

The biggest challenge in implementing the old pension

will be to implement the old pension scheme in front of the new Chief Minister who will take over the chair of the state. It is believed that after the formation of the Congress government, the government employees of the state will be given the gift of Old Pension Scheme (OPS). In fact, the Congress had promised to implement the ‘Old Pension Scheme’ during the assembly elections in Gujarat and Himachal Pradesh.

It will be difficult to manage the finances of the state.

This possibility increases because the old pension scheme (OPS) has already been implemented in Congress-ruled Rajasthan and Chhattisgarh. On coming to power, the party had promised to implement it in Gujarat and Himachal as well. If the election promises are fulfilled by the newly formed Himachal government, then financial management will be a big challenge for the government. The state government already has a debt of about 70 thousand crores.

Loan of more than 5000 crores in the financial year

In September 2022 itself, the Himachal government had taken a loan of Rs 2500 crores from the Reserve Bank of India (RBI). Earlier, the state government had taken a loan of Rs 1000 crore in July and Rs 1500 crore in August. In this way, the Himachal government had taken a loan of 5000 crores in the current financial year. The government already had a debt of Rs 62,200 crore. Based on the latest figures, the state government has a debt of about 70,000 crores. In such a situation, implementing the old pension scheme will be no less than a challenge.

It has already been said by the NITI Aayog that the decision to implement the old pension scheme by debt-ridden states can be dangerous for the economy. Let us tell you that the Himachal government had last announced the increase in dearness allowance in January 2022. At that time, the then Chief Minister Jairam Thakur had increased the dearness allowance for July 2021 by 3 percent from 28 to 31 percent.

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In the Gujarat Assembly elections, the Aam Aadmi Party has promised to implement the old pension scheme if the government is formed in the state. On the other hand, the central government employees have also been demanding the implementation of the old pension scheme for a long time.

The idea can be taken before the Lok Sabha elections

Central employees have heaved a sigh of relief from this news that came before the new year. Sources claim that the Modi government may consider this before the 2024 Lok Sabha elections. Has sought advice from the Law Ministry on the long-standing demand of central employees. The Law Ministry has been asked that in which department the Old Pension Scheme (OPS) can be implemented. No concrete answer has been given by the ministry on this.

Bhagwat Karad also clarified his stand

Earlier, in the last session of Parliament, Minister of State for Finance Bhagwat Karad had made his stand clear on the restoration of the old pension scheme. He had said that the implementation of the Old Pension Scheme is not being considered by the Centre. Let us tell you that the way this issue is being cashed in by the opposition in the elections. It seems that there can be a positive decision on this in the coming days.

Law Ministry’s opinion was sought

Dr. Jitendra Singh, Minister of State for Atomic Energy and Space, had also said in the past that the issue of old pension is a big one. Opinion was sought from the Law Ministry on this. Any decision will be taken only after getting the answer from there. Let us tell you that the old pension was made on the basis of the last drawn salary. Along with this, dearness allowance was also increased. It was decided to abolish OPS from January 2004.

What is New Pension Scheme?

The new pension scheme has been named the National Pension Scheme (NPS). In this, 10 percent of the basic salary and dearness allowance of the employee is deducted. NPS is based on the movement of the stock market. To get pension after the age of 60 years, 40 percent of NPS fund has to be invested and you get pension out of 60 percent money. There is no guarantee of pension after retirement in the scheme.

Let us tell you that the Old Pension Scheme (OPS) was abolished during the tenure of the Atal Bihari Vajpayee government. Also, it was decided to implement the National Pension System (NPS) from January 2004. Actually, NPS is a contribution based pension scheme and there is no provision of dearness allowance in it.

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After the Gehlot government of Rajasthan, the old pension scheme (OPS) has been implemented by the governments of Punjab, Jharkhand and Chhattisgarh. But its path is not looking easy. Recently, Niti Aayog Vice-Chairman Suman Berry has expressed concern over the restarting of the old pension scheme (OPS) by some states.

Future taxpayers will be burdened

The objections raised by NITI Aayog are being sent to the concerned states. In such a situation, the question has also started to arise whether the old pension scheme will be discontinued in Rajasthan? If money is not given by the central government, then from where will the states get the money to be spent on it? NITI Aayog’s Deputy Chairman Berry had clearly said that this step taken by the state governments will put a burden on the future taxpayers.

These state governments also announced, let us tell you that while presenting the budget in March 2022, Rajasthan CM Ashok Gehlot had talked about restoring the old pension for seven lakh employees in the assembly. After this, the governments of Punjab, Jharkhand and Chhattisgarh have also announced the implementation of the old pension scheme.

Now what will happen in future after the objection from NITI Aayog? Questions have started arising on this. The statement of the Deputy Chairman of Niti Aayog has come to the fore at a time when Rahul Gandhi’s ‘India Couples Tour’ is about to enter Rajasthan this week.

Confusion over the old pension scheme:

The implementation of this scheme in Rajasthan will increase the financial burden of Rs 41,000 crore annually. Let us tell you that when the Rajasthan government announced the old pension scheme in March, the Finance Ministry termed it as financial indiscipline.

After the strong comment of the Finance Ministry, now the statement given by the Deputy Chairman of NITI Aayog has created confusion over the implementation of the old pension scheme. This discussion has become common among the employees. There is also news that the employees’ organizations of the state will meet Rahul Gandhi, who is reaching Rajasthan with ‘Bharat Jodo Yatra’.

On the other hand, on coming to power in Gujarat, two political parties have promised to revive the old pension scheme. In the coming times, it will be interesting whether the old pension scheme will be applicable for Gujarat employees or not.

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Organizations not involved in the online meeting

The joint platform of ten labor organizations in an e-mail sent to the Finance Ministry on Monday put forward their demands regarding the next budget. However, these organizations did not attend the online meeting called for pre-budget discussions.

Pension scheme is based on contribution

National Pension System (NPS) was implemented from January 2004 by abolishing OPS during the tenure of Atal Bihari Vajpayee government. NPS is a contribution based pension scheme and there is no provision for dearness allowance. After increasing complaints of employees getting less amount of pension under NPS, labor organizations have intensified their demands for re-implementation of OPS itself.

Meanwhile, some states like Rajasthan, Chhattisgarh and Punjab have announced re-implementation of OPS for their government employees.

Organizations want to have face-to-face meeting

Forum of labor organizations said, ‘Government should re-implement the old pension system instead of NPS by giving contribution on its behalf.’ These organizations did not participate in the online meeting, demanding a face-to-face meeting with the Finance Minister. Each organization was given three minutes to present their demands related to their area.

Demand to increase the minimum pension amount , however, SP Tiwari, general secretary of the Trade Union Coordination Center (TUCC), who attended the pre-budget consultation meeting, also said that in the meeting there was a demand for restoration of OPS instead of NPS. Along with this, a demand was also made to increase the amount of minimum pension from Rs 1,000 to Rs 5,000.

Demand for increase in mental honorarium

Bhartiya Mazdoor Sangh (BMS) said that apart from increasing the amount of minimum pension, it should also be linked with dearness allowance, so that the needs of the pensioners can be met. BMS also demanded the government to allocate more funds to the unorganized sectors. Apart from this, there has also been a demand to increase the monthly honorarium to the workers associated with Anganwadi, Asha and mid-day meal schemes.

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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.

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Discussion is going on across the country regarding the pension system. Meanwhile, the state government has implemented the old pension system across the country, after which lakhs of employees of the state government have enjoyed themselves. After the approval received in the cabinet meeting, the state government has gifted the old pension scheme.

The Punjab government has given good news that the Punjab government has started the old pension scheme for the employees of the state. After approval in the cabinet meeting, Chief Minister Bhagwant Mann himself announced that the old pension scheme has been notified. From now on all the employees will get its benefit.

There should be an option to opt for the old pension system, while giving information, the Punjab government has said that a month back, in the cabinet meeting, a decision was taken to restore the old pension scheme. Along with this, the State Finance Minister said that the employees should get the option to opt for the old pension system.

There is more benefit in old pension In many states including Punjab, agitations are also being done for the implementation of old pension scheme. Employees believe that they are getting more benefits in the old pension scheme than in their new pension system. Along with this, the future of the employees will be more secure in the old pension system.

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Finance Minister Nirmala Sitharaman said that the money deposited in the National Pension Scheme (NPS) belongs to the persons contributing to it. State governments cannot take it under the law. Speaking to the media, Sitharaman said in response to questions related to the restoration of the old pension system, that the governments of Rajasthan and Chhattisgarh are asking the Center to return the money, it cannot be done under the law.

The Center cannot keep the money of the employees, the Chief Ministers of both the states have asked the Center to return the money deposited under NPS to start the old pension system. Both the Congress-ruled states have notified to re-implement the old pension system (OPS) for government employees. They say that the center cannot keep the money of the employees. The Congress has promised to revive the system in Himachal Pradesh as well, and it has become a major election issue in the state assembly elections.

Elections are to be held in Himachal Pradesh on November 12. There are 1.75 lakh government employees in the state. Elections in Himachal Pradesh are to be held on November 12. Sitharaman told reporters in Shimla, “Under the law, the money deposited in the central head under NPS cannot go to the states. It will go to only those employees who are contributing to it. Can we change the law? This is the employees’ money deposited with the Centre. This money will go only to the beneficiary employees and not to any one authority or entity.

Center is not returning the money of the employees: Bhupesh Baghel said, ‘I am not talking about politics here. I am only talking about the law. Chhattisgarh Chief Minister Bhupesh Baghel has said that the Center has refused to return Rs 17,000 crore to the state government employees registered under NPS. He said that the Center cannot keep the money for long and the state government has sought legal opinion in this regard and can go to court.

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If you or any member of your family is a central government employee, then this news is useful. Before the coming of the new year, good news is coming for the government employees. The Old Pension Scheme (OPS) can be restored for the Central Government Employees in the coming time. Sources claim that the Modi government at the Center can consider this before the year 2024.

No concrete answer from the ministry, the government had sought the opinion of the Law Ministry regarding the old pension scheme on the demand of the employees. It was asked from which department the Old Pension Scheme (OPS) can be implemented? However, no concrete answer has been given by the ministry on this. Earlier in the last session of Parliament, Minister of State for Finance Bhagwat Karad had denied that the government was considering implementing the Old Pension Scheme.

Sources say that even though the government is denying it, the way the opposition party is focusing on this issue in the elections, a decision on old pension can be taken in the coming days . For those whose recruitment advertisements were issued on or before December 31, 2003 by the government, old pension can be considered for them.

3 big benefits of old pension scheme

1- Pension in OPS was made on the basis of last drawn salary.
2- With the increase in inflation rate in OPS, DA (Dearness Allowance) also increased.
3- When the government implements the new Pay Commission, it also increases the pension.

The Center had implemented the New Pension Scheme in the year 2004. Separate accounts were opened for the New Pension Scheme funds and a fund manager was also appointed to invest in the fund. The new employees can get a good amount at the time of retirement as compared to the old scheme if the pension fund investment returns are good. On this, the question of the employees is that the return of investment of pension fund will be better, how is it possible.

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Good news has come for the central government employees in the festive season. In the coming days, they can again get the benefit of Old Pension Scheme (OPS). If sources are to be believed, the Modi government can consider this before the year 2024. To meet the long standing demand of the employees, consultation has been sought from the ministry.

Opinion was sought from the Law Ministry of the Central Government regarding the old pension scheme. It was asked in which department the Old Pension Scheme (OPS) can be implemented. However, no concrete reply has been received from the ministry yet. At the same time, in the last session of Parliament, Minister of State for Finance Bhagwat Karad had denied that the government was considering implementing the Old Pension Scheme.

When can the old pension scheme be implemented?

If sources are to be believed, even though the central government is not yet giving any concrete answer regarding the old pension scheme. But, the way the opposition is cashing in on this issue in the elections, its effect can be seen in the coming days. This is the reason why the central government may consider giving Old Pension Scheme (OPS) to those government employees, for whose recruitment advertisements were issued on or before December 31, 2003.

According to Dr. Jitendra Singh, Minister of State, Ministry of Development of North Eastern Region, Prime Minister’s Office, Department of Atomic Energy and Department of Space, the issue of old pension is very big. Opinion was sought from the Law Ministry on this. A decision on this can be taken only after the reply of the ministry.

Which employees will be covered under this?

After the decision of the Supreme Court, the Central Government had put the matter under the Ministry of Law. The Department of Financial Services, Department of Pension and Pensioners’ Welfare (DoP&PW) may take appropriate decision regarding exclusion of those employees from the purview of NPS for whose recruitment the advertisement was issued on or before January 01, 2004 and they would be eligible for the old pension scheme. (OPS) under If the matter is resolved, then pensioners can get a big benefit.

3 big benefits of old pension scheme

1- In OPS, the pension was made on the basis of the last drawn salary.
2- With the increase in inflation rate in OPS, DA (Dearness Allowance) also increased.
3- When the government implements the new Pay Commission, it also increases the pension.

New pension scheme implemented in 2004

The Central Government had implemented the New Pension Scheme in the year 2004. Under this, separate accounts were opened for the funds of the New Pension Scheme and fund managers were also appointed for the investment of the fund.

If the return of investment of pension fund is good, then new employees can also get good amount in future at the time of retirement as compared to the old scheme of provident fund and pension. But the employees say that the return of investment of pension fund will be better, how is it possible. Therefore they are demanding to implement the Old Pension Scheme under the 7th Pay Commission.

Fewer benefits in New Pension Scheme as compared to Old

At the state level, agitations are going on regarding the Old Pension Scheme. Government employees have started uniting on one platform to implement the old pension scheme. Employees’ organizations of various departments have also prepared new strategies. After 2010, the government has appointed employees under the New Pension Scheme. In this scheme, the employees get very less benefits as compared to the old scheme. This does not secure their future. The government will have to pay tax on the money that will be received after retirement.

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7th pay commission latest news: Good news has come for the central government employees in the festive season. In the coming days, they can again get the benefit of Old Pension Scheme (OPS). If sources are to be believed, the Modi government can consider this before the year 2024. To meet the long standing demand of the employees, consultation has been sought from the ministry. 

Opinion was sought from the Law Ministry of the Central Government regarding the old pension scheme. It was asked in which department the Old Pension Scheme (OPS) can be implemented. However, no concrete reply has been received from the ministry yet. At the same time, in the last session of Parliament, Minister of State for Finance Bhagwat Karad had denied that the government was considering implementing the Old Pension Scheme.

When can the old pension scheme be implemented?

If sources are to be believed, even though the central government is not yet giving any concrete answer regarding the old pension scheme. But, the way the opposition is cashing in on this issue in the elections, its effect can be seen in the coming days. This is the reason why the central government may consider giving Old Pension Scheme (OPS) to those government employees, for whose recruitment advertisements were issued on or before December 31, 2003. According to Dr. Jitendra Singh, Minister of State, Ministry of Development of North Eastern Region, Prime Minister’s Office, Department of Atomic Energy and Department of Space, the issue of old pension is very big. Opinion was sought from the Law Ministry on this. A decision on this can be taken only after the reply of the ministry.

Which employees will be covered under this?

After the decision of the Supreme Court, the Central Government had put the matter under the Ministry of Law. The Department of Financial Services, Department of Pension and Pensioners’ Welfare (DoP&PW) may take appropriate decision regarding exclusion of those employees from the purview of NPS for whose recruitment the advertisement was issued on or before January 01, 2004 and they would be eligible for the old pension scheme. (OPS) under If the matter is resolved, then pensioners can get a big benefit.

3 big benefits of old pension scheme

1- In OPS, the pension was made on the basis of the last drawn salary.
2- With the increase in inflation rate in OPS, DA (Dearness Allowance) also increased.
3- When the government implements the new Pay Commission, it also increases the pension.

New pension scheme implemented in 2004

The Central Government had implemented the New Pension Scheme in the year 2004. Under this, separate accounts were opened for the funds of the New Pension Scheme and fund managers were also appointed for the investment of the fund. If the return of investment of pension fund is good, then new employees can also get good amount in future at the time of retirement as compared to the old scheme of provident fund and pension. But the employees say that the return of investment of pension fund will be better, how is it possible. Therefore they are demanding to implement the Old Pension Scheme under the 7th Pay Commission.

Fewer benefits in New Pension Scheme as compared to Old

At the state level, agitations are going on regarding the Old Pension Scheme. Government employees have started uniting on one platform to implement the old pension scheme. Employees’ organizations of various departments have also prepared new strategies. After 2010, the government has appointed employees under the New Pension Scheme. In this scheme, the employees get very less benefits as compared to the old scheme. This does not secure their future. The government will have to pay tax on the money that will be received after retirement.

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Now the Aam Aadmi Party (AAP) government has announced that it is contemplating to restore OPS in Punjab. Punjab Chief Minister Bhagwant Mann said that the AAP government will conduct a feasibility study to go back to OPS.

The CM said, ‘My government is contemplating to bring back the old pension system (OPS). I have asked my Chief Secretary to study the feasibility and modalities of its implementation. We are committed to the welfare of our employees.

Chhattisgarh was the first state to announce the restoration of the old pension scheme and after that Jharkhand announced the roll back of the old pension system which would be applicable from October 1. On the other hand the Rajasthan government is also working to set up the OPS.

The old pension scheme was abolished on 1 April 2004. It was replaced by a market driven new pension scheme.

All new employees joining the Central Government service (except the armed forces) on 1 January 2004 are covered under the National Pension System (NPS). According to the Ministry of Personnel, Public Grievances and Pensions,

The Government of India had said in March this year that there is no proposal to revive the old pension scheme for central government civil servants hired on or after January 1, 2004.

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To implement the old pension scheme, the state government has already approved the Standard Operating Procedure. Let us inform that in the year 2004, after the closure of the old pension scheme, the New Pension Scheme was implemented.

Decision taken in the meeting held on 15th July

Vandana Dadel, Principal Secretary in the Cabinet Secretariat Department, said that in the cabinet meeting held on July 15, it was decided to implement the old pension scheme and discontinue the new pension scheme.

He further said that it was decided in this regard that an SOP would be made to complete the scheme. This SOP has been approved by the cabinet. The scheme will be considered effective from September 1.

The old pension scheme was discontinued in 2004 Let us inform that the old pension scheme was discontinued on 1 April 2004 and it was replaced by the National Pension Scheme. In the old pension scheme, the entire pension was issued by the government, but in the National Pension Scheme, employees contribute 10 percent of their salary, while the state government contributes 14 percent.

These proposals also got approval With the implementation of old pension, about one and a half lakh employees of Jharkhand government will get benefit. Apart from the old pension scheme, the Jharkhand state government has approved 25 more proposals. An important decision in this is that the government will hire chartered aircraft for one month for VVIP and VIP movement in other states outside the border of Jharkhand. Two crore 6 lakh fifty rupees will be spent on this.

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In such a situation, with the change of power in Bihar, the government has become serious about the old pension. In this a big statement of the minister of the state government has come to the fore. In fact, Education Minister Professor Chandrashekhar has said in a press conference that the state government is serious about implementing the old pension scheme.

This will be considered. Due to this, once again the hope has increased among the pensioners and employees of the state regarding the old pension scheme. However, after being in the government with NDA, Nitish Kumar’s government made a different statement on this during the budget session. During this, in the budget session, Bijendra Prasad Yadav had said that the new pension system is applicable for government employees. No proposal to implement the old pension system is currently under consideration.

With the change of the same government, once again the demand has started regarding the old pension scheme. At the same time, the government sitting in the opposition, which was demanding to implement the old pension scheme, now it will be a big step for them to answer on this. Here the process has been started to implement the old pension scheme in Jharkhand. Apart from Bihar, the demand for implementing the old pension scheme in Uttar Pradesh has intensified. Earlier, in Himachal Pradesh, the employees are constantly adamant about the demand for the old pension scheme.

On which the CM issued a big statement saying that the old pension scheme can be considered. It is noteworthy that from April 1, 2004, the old pension scheme has been discontinued in the country. The pension scheme has been changed to the National Pension Scheme. After which the employees of the country are continuously making increased demands regarding the old pension scheme.

In view of the demand for the same old pension scheme, many state governments are preparing a guarantee pension scheme, while the central government is also preparing to make some new arrangements in the pension system. In such a situation, after the change of power in Bihar, what kind of arrangement does the state government make on the new demand of the employees. It will be interesting to see what is the opinion of the Chief Minister and others on this statement of the Education Minister.

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