Punjab Cabinet approves implementation of old pension scheme
Darpan News Desk IANS, 18 Nov, 2022 02:07 PM
Chandigarh, Nov 18 (IANS) Eyeing Gujarat elections, the Bhagwant Mann-led AAP government on Friday approved the notification for implementing the old pension scheme (OPS) in Punjab, directly benefitting more than 1.75 lakh government employees.
A decision to this effect was taken in the meeting of the council of Ministers held under the leadership of the Chief Minister here.
Disclosing this here today, a spokesperson for the Chief Minister's Office said the government has approved the OPS for its employees currently covered under New Pension Scheme (NPS), fulfilling a long-pending demand of employees of the state.
This will directly benefit more than 1.75 lakh employees currently covered under NPS. In addition to this, 1.26 lakh employees are already covered under the existing OPS.
The scheme is aimed at safeguarding the future of government employees and recognising their contribution towards the state. In order to ensure that the scheme being introduced is financially sustainable for the exchequer in the future also, the government will be contributing proactively towards creation of a pension corpus which will service the pension in future to the beneficiaries of the scheme.
This contribution towards the pension corpus will be Rs 1,000 crore per annum initially and will gradually increase in future.
Besides, the current accumulated corpus with NPS is Rs 16,746 crore for which the state will request Pension Fund Regulatory and Development Authority of the government of India to refund this amount for effective utilisation at its end.
Lakhs of Punjabis, who lost their lives during the 1947 India-Pakistan Partition of the country, were remembered at Akal Takht on Tuesday. A special Ardas Samagam (prayer congregation) was organised in this regard at Akal Takht, in which, tributes were paid to lakhs of people who lost their lives during the country's Partition.
The incident took place in Baraut town and the motive behind it is said to be a property dispute. Circle Officer (CO) Yuvraj said that the deceased included Brijpal, 60, Jyoti, 24 and Anuradha, 17.
The Chief Minister said these clinics will be opened in every nook and corner of the state, adding, that in big villages, two such clinics will be opened for the convenience of the people. He said in the first phase, 75 such Aam Aadmi clinics have been dedicated to people to mark the 75th Independence Day.
Addressing the nation from the Red Fort, Prime Minister Modi said that the citizens are thankful to Bapu, Netaji Subhash Chandra Bose, Babasaheb Ambedkar, Veer Savarkar and others who sacrificed their lives on the path of duty.
As India celebrates the 75th Independence Day with patriotic fervour and enthusiasm, police in the national capital have made stringent security arrangements, especially at the Red Fort, from where Prime Minister Narendra Modi delivered his address to the nation.
An official statement quoting Chief Minister Bhagwant Mann said Rs 295.60 crore was the pending arrears of sugarcane farmers which had to be paid by the government and cooperative sugar mills in the state.
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