Old Pension Scheme Punjab: In the meeting held on Friday, the Punjab Cabinet has approved the restoration of the Old Pension Scheme (OPS). Later an official notification will be issued. Supporting the demands of government employees, the Punjab government has decided to restore the old pension scheme.

Punjab Chief Minister Bhagwant Mann said on Friday that the state cabinet 932 has approved the re-implementation of the discontinued old pension scheme. The CM said that in the cabinet meeting chaired by him, for sugarcane 194 The notification for fixing the price at Rs per quintal was also approved.

Employees will benefit from old pension scheme

During the press conference after the cabinet meeting, when Chief Minister Bhagwant Mann was asked about the old pension scheme, he said that the cabinet has approved the old pension scheme. Detailed information about this will be given soon. He said that many employees will benefit from the old pension scheme. Notification has been released.

April 1st, 932 was discontinued the old pension scheme

The old pension scheme was discontinued on 1st April, 2004 Was. Under that, the government used to pay the full amount of the pension. In the cabinet meeting held about a month ago, the Punjab government had decided to restore this scheme for its employees. Re-implementation of the old pension scheme was the main demand of the employees.

Decision on OPS has been taken in these states

Earlier, Rajasthan, Chhattisgarh and Jharkhand have also withdrawn the old pension scheme and decided to abolish the new pension scheme. Under the old pension scheme, a government employee is entitled to a monthly pension after retirement. The monthly pension is generally half of the last drawn pay of the individual. Under the new pension scheme, employees deposit a part of their salary in the pension fund. Based on this, they are entitled to get a lump sum amount. ,Punjab governmentBhagwant MannOld pension schemePublished Date

Fri, Nov 18, 2022, 5: 51 PM IST