Monday, December 11, 2023

Old Pension Scheme: Government employees got pleasure! Old pension scheme implemented

Old Pension Scheme News: There is great news for government employees. The government has announced to implementation of the old pension scheme. Chief Minister Bhagwant Mann himself announced this after approval in the cabinet meeting of the Punjab government. All the employees of the state government will get benefit from this. CM Bhagwant Mann said that the Aam Aadmi Party government had made a promise and we have fulfilled it.

The plan was already made

Significantly, there was a long-standing demand from the employees that the old scheme should be implemented for them. About a month ago, in a cabinet meeting, the Punjab government had made up its mind to restore the old pension scheme for the employees. On the other hand, State Finance Minister Harpal Singh Cheema had also said that the employees should be given the option to opt for the old pension scheme. Now after the announcement of the government, the employees will get a big benefit.

OPS advantage over NPS

In fact, continuous agitations were going on at the state level regarding the old scheme. Earlier Rajasthan and Chhattisgarh governments also implemented the old pension scheme. Let us tell you that after 2010, the government appointed employees under the New Pension (NPS). In this scheme, the employees get very less benefits as compared to the old scheme. Under this, the government will have to pay tax on the money received after retirement.

Know 3 big advantages of old pension

  • OPS Old Pension Scheme was the in which pension was given on the basis of the last drawn salary.
  • In the old pension scheme, DA (Dearness Allowance) also used to increase with the increase in the inflation rate.
  • Let us tell you that when the government implements the new pay commission, it also increases the pension.

Read More: 7th Pay Commission Big news New rules issued regarding Provident Fund, employees will get the benefit

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