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Chhattisgarh govt calls for PFRDA to go back Rs 17240 crore

Leader Minister Bhupesh Baghel has determined to revive the outdated pension scheme in Chhattisgarh. To enforce this choice, Finance Secretary Smt. Alarmelmangai D. has written a letter to the Chairman, Pension Fund Regulatory and Building Authority (PFRDA), New Delhi. He has stated within the letter that the prevailing marketplace price of the overall quantity (employer and worker joint percentage) of the state govt’s contribution below the brand new pension scheme is Rs 17,240 crore. This quantity must be returned to the Chhattisgarh govt quickly.
Finance Secretary Smt. Alarmelmangai D. has apprised the Chairman, Pension Fund Regulatory and Building Authority, New Delhi that the Govt of Chhattisgarh has just lately presented new contributory pension for all of the staff appointed within the pensionable established order of the State Govt on or after November 1, 2004. Rather than the scheme, it’s been determined to revive the outdated pension scheme from November 1, 2004. The state cupboard in its assembly hung on Would possibly 1, 2022 has licensed this choice. Except for this, a notification has been printed within the gazette via the state govt for the recovery of the outdated pension scheme. The per thirty days contribution of employer and worker to the NPS accounts of staff has additionally been stopped with impact from April 1, 2022.
The Finance Secretary has additionally conveyed within the letter {that a} new GPF (Common Provident Fund) account has been opened via the State Govt for each and every worker registered with NPS. At least 12 p.c of the elemental wage will likely be deducted from the wage of presidency staff, which will likely be deposited within the Chhattisgarh Common Provident Fund accounts of presidency staff as in step with the Common Provident Fund regulations. NSDL NPS to be gained from The prevailing marketplace price of the quantity of Govt contribution made within the accounts will likely be used to satisfy long term pension liabilities and will likely be stored in a separate Pension Fund below the Public Account of the State Govt. As well as, an quantity equivalent to 4 in step with cent of the pension liabilities of the former monetary 12 months will likely be invested via the state govt on this pension fund in each and every monetary 12 months.
The Finance Secretary has additionally knowledgeable that the essential quantity contributed via the workers of their NPS accounts will likely be transferred to the Chhattisgarh Common Provident Fund account of the workers and in this via the State Govt from November 01, 2004 below the foundations of Chhattisgarh Common Provident Fund. Hobby will likely be payable as in step with pastime directions issued every now and then. The adaptation within the present marketplace price of worker contribution made to NPS and the essential quantity contributed via the workers will likely be used to credit score the pastime payable within the Common Provident Fund accounts of the workers.
As in step with the information to be had with the Govt of Chhattisgarh, Rs 11,850 crore (worker and employer contribution) has been transferred via the state govt to NSDL all the way through the length from November 1, 2004 to March 31, 2022. Consistent with the tips gained from NSDL, the present marketplace price of this quantity is set Rs.17,240 crore. The Finance Secretary has asked the Pension Fund Regulatory and Building Authority to refund the prevailing marketplace price of the overall quantity (employer and worker percentage mixed) contributed via the State to NSDL to the Govt of Chhattisgarh in order that the State Govt can start up the method of switch of the quantity. Are you able to

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