In step with the announcement made by way of Leader Minister Bhupesh Baghel, the previous pension scheme has been restored from November 01, 2004 instead of the brand new contributory pension scheme by way of the state executive. A notification to this impact has been revealed by way of the state executive within the Chhattisgarh Gazette on 11 Might 2022. It’s value bringing up that the Leader Minister, whilst presenting the state executive’s funds for the yr 2022-23 within the Vidhan Sabha on March 9, had introduced the recovery of the previous pension scheme for the federal government officials and workers of the state executive.
In step with the notification, the deduction of 10 % per thirty days contribution from the wage of presidency servants beneath the New Contributory Pension Scheme will finish from April 1, 2022 and as in step with the Normal Provident Fund rule, no less than 12 % of the fundamental wage (emoluments) will probably be deducted.
Chhattisgarh Normal Provident Fund account of all executive servants appointed beneath the brand new contributory pension scheme, instead of the Accountant Normal’s workplace, beneath the keep an eye on of the Finance Division, with the Directorate, Treasury, Accounts and Pension (until the established order of the brand new Directorate, Pension and Provident Fund). .
A separate Directorate, Pension and Provident Fund will probably be arrange for the upkeep of Chhattisgarh Normal Provident Fund account and to take all of the motion associated with pension.
The volume of presidency contribution gained from NSDL and passion earned thereon will probably be stored in a separate fund beneath Public Account for fee of long run pensionary liabilities and once a year, an quantity equivalent to 4 % of the former yr’s pensionary liabilities will probably be invested within the pension fund.
The primary quantity deposited by way of the Govt servants’ contribution will probably be transferred to the Chhattisgarh Normal Provident Fund account and passion will probably be paid on it from November 01, 2004 beneath the Chhattisgarh Normal Provident Fund Regulations, as in step with the directions at the interest rate issued by way of the State Govt now and again. Shall be performed.
In step with the previous pension scheme, within the instances of retired, deceased workers from November 1, 2004, between the date of implementation of the previous pension scheme, advantages will probably be payable to the eligible executive servants, households as in step with laws. For such executive servants, who’ve gained retirement advantages after retirement within the new contributory pension scheme or in instances of dying of a central authority servant, in such instances, pointers were issued to decide the convenience in keeping with the previous pension scheme. Will pass
Detailed pointers referring to account repairs, legislation and process beneath the scheme will probably be issued one after the other.
Rather than the brand new contributory pension scheme, the execution of all of the works associated with the recovery of the previous pension scheme and different ancillary motion will probably be performed by way of the Finance Division.
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