Old Pension Old Pension Scheme: The demand for old pension scheme has intensified across the country. The employees are continuously demanding the government to close the NPS by implementing the old pension scheme.
Meanwhile, once again a positive aspect has come to the fore regarding the demand of the old pension scheme from the government. In such a situation, it is believed that the process of old pension scheme can be started soon in the state.
Discussion on restoring the old pension scheme
In fact, since the change of power in Bengaluru, Karnataka, the Congress is engaged in fulfilling all the promises made by it. Meanwhile, Chief Minister Siddaramaiah met 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 plan can be considered in the government meeting to be held on July 7.
trade union demand
Actually, under the new pension scheme in Karnataka, the employees are being given the benefit of the pension scheme. On the other hand, Shantaram Teja, president of the employees union, says that by canceling the new pension scheme, Rs 19,000 crore available under the scheme can be used in the development programs of the government. He said that out of this the government share of 10000 crores can be used for development works and the grant of 9000 crores should be converted into GPF. Let us tell you that this scheme was closed on March 31, 2004 in the state.
Advantages of OPS-NPS
Under the old pension scheme, government employees are provided half of the last drawn pay and dearness allowance twice a year after their retirement. At the same time, under the new pension scheme, employees contribute 10 percent of their salary. After which, by investing in various funds, the employees get a return on investment after retirement.
Earlier in the assembly elections, the Congress had said in its announcement that the old pension scheme would also be given to the employees who joined after 2006. 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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