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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The post Old Pension Scheme: Government issued notification…! Old Pension Scheme restored, you can also choose OPS immediately first appeared on Rightsofemployees.com.

At present, the old pension system (OPS news) has been implemented in many states of the country. At the same time, now big news is coming from the Central Government on Old Pension that in all the states where the old pension system has been implemented, the State Governments are asking for the NPS money back, but the Modi government has Has flatly refused to give the money.

The central government flatly denied

Let us tell you that at this time the Ashok Gehlot government of Rajasthan is engaged in making the old pension scheme a big issue. It has become a main election issue this time. The Rajasthan government has restored the old pension in April 2023. At the same time, the central government has flatly refused to consider NPS.

10% is deposited by the state government

Explain that under the National Pension Scheme, 10 percent of the salary and dearness allowance given to the employees is deposited by the state government. OPS has 5,24,72 OPS accounts in Rajasthan. In this, Rs 14,171 crore was deposited by the government and Rs 14,167 crore was deposited by the employees. If the amount of interest is added to it, then this money is Rs 40,157 crore. In the notification issued by the state government on May 19, 2022, it was said that the employees will have to return the NPS contribution along with interest to the state government.

Preparation for change in new pension scheme

Let us tell you that the central government has clearly refused to give money to the state government, then the state government is planning to change the notification. At the same time, the central government is planning to make changes in NPS itself to give benefits to the government employees.

Get more profit 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.

Many employees have already retired

While giving information, the Central Government has told that out of 5.24 lakh employees appointed after January 2004, 3554 have retired a year ago. Such employees have not been able to get the benefit of pension.

The post Old Pension Update: Good news! Government will take back its decision! Know when will OPS be implemented? first appeared on Rightsofemployees.com.