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.
Dera Sacha Sauda follower and an accused in the Guru Granth Sahib 'bir' theft and sacrilege, Pradeep Singh, was shot dead by five unidentified men on two motorcycles in Punjab's Kotkapura town when he was going to open his shop.
During the meeting, the police officers briefed the Chief Minister about the incident. Dera Sacha Sauda follower, Pradeep Singh, was shot dead by five unidentified men in Punjab's Kotkapura town on Thursday.
There was panic in several areas and people stayed out of their homes for nearly two hours after the tremors were felt. The tremors lasted for nearly 10 seconds and were reported from several parts of the state.
Delhi Police have busted a fake call centre in Delhi's Uttam Nagar which scammed more than 1700 people on the pretext of providing them loans and arrested 12 people in this connection, an official said on Wednesday. Police said that the fake call centre was disguised as a medicine supply store.
In the first case, Customs officials in Chennai said on Wednesday that they have arrested two persons for smuggling gold worth Rs 1.33 crore. Both the passengers, who came to Chennai from Muscat, were held on Tuesday.
A bench of Justices M.R. Shah and Sudhanshu Dhulia said to enhance the fee unilaterally would be contrary to the objects and purpose of Andhra Pradesh Educational Institutions (Regulation of Admissions and Prohibition of Capitation Fee) Act, 1983 as well as the Rules, 2006 and the decision of this court in the case of P.A. Inamdar.
