Old Pension Update: If you yourself are a government employee or there is a government employee in your family, then this news is useful for you.
The officers and employees who got jobs from the recruitment advertisement issued by the Union Ministry of Personnel till 22 December 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 the Additional Secretary of the Union Personnel Ministry, Sanjeev Narayan, 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% 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 for implementation of 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 of the Union Ministry of Personnel is going to give relief to the employees.
The Personnel Department of UP is sending letters to the concerned departments, according to the Personnel Ministry’s letter, 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 choose the option till 31 August 2023. In a letter issued by the Ministry of Personnel, it was told that till December 22, 2003, continuous applications are being made under the advertisement issued for government recruitment. Those recruited after January 2004 are being received for giving old pension.
Therefore, 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 the year 2003. For this the option has been given by the government. If someone wants to enroll himself under the old pension, then he has to opt for it. If an employee does not exercise this option by the due date, he will get the benefit of NPS only. If someone opts for old pension, then by 31 October 2023, his NPS account will be closed by issuing an order.
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