By means of Companies
CHANDIGARH: The Punjab cupboard has licensed the recovery of Previous Pension Scheme.
The verdict has been taken in a cupboard assembly on Friday. An authentic notification can be put out therefore. Confronted with a number of calls for from executive workers, the Punjab executive took the verdict to revive the Previous Pension Scheme.
This may at once receive advantages greater than 1.75 lakh workers these days coated below NPS. Along with this, 1.26 lakh workers are already coated below the present OPS.
Previous, Rajasthan, Chhattisgarh and Jharkhand too went again to the Previous Pension Scheme and quashed the brand new pension scheme.
Underneath the previous pension scheme, a central authority worker is entitled to a per thirty days pension after retirement. The per thirty days pension is generally part of the ultimate drawn wage of the individual.
Underneath the brand new pension scheme, workers give a contribution a portion in their salaries to the pension fund. In line with that, they’re entitled to a one-time lump sum quantity on superannuation.
For the report, the previous pension scheme was once discontinued in December 2003, and the brand new pension scheme got here into impact on April 1, 2004.
The scheme is aimed toward safeguarding the way forward for executive workers and recognising their contribution in opposition to the state. As a way to make sure that the scheme being presented is financially sustainable for the exchequer at some point additionally, the federal government might be contributing proactively in opposition to the advent of a pension corpus which is able to carrier the pension in long term to the beneficiaries of the scheme.
This contribution in opposition to the pension corpus might be Rs 1,000 crore according to annum to start with and can step by step build up in long term.
But even so, the present amassed corpus with NPS is Rs 16,746 crore for which the state will request the Pension Fund Regulatory and Construction Authority of the federal government of India to refund this quantity for efficient utilisation at its finish.
(With Inputs from ANI, IANS)
CHANDIGARH: The Punjab cupboard has licensed the recovery of Previous Pension Scheme.
The verdict has been taken in a cupboard assembly on Friday. An authentic notification can be put out therefore. Confronted with a number of calls for from executive workers, the Punjab executive took the verdict to revive the Previous Pension Scheme.
This may at once receive advantages greater than 1.75 lakh workers these days coated below NPS. Along with this, 1.26 lakh workers are already coated below the present OPS.
Previous, Rajasthan, Chhattisgarh and Jharkhand too went again to the Previous Pension Scheme and quashed the brand new pension scheme.
Underneath the previous pension scheme, a central authority worker is entitled to a per thirty days pension after retirement. The per thirty days pension is generally part of the ultimate drawn wage of the individual.
Underneath the brand new pension scheme, workers give a contribution a portion in their salaries to the pension fund. In line with that, they’re entitled to a one-time lump sum quantity on superannuation.
For the report, the previous pension scheme was once discontinued in December 2003, and the brand new pension scheme got here into impact on April 1, 2004.
The scheme is aimed toward safeguarding the way forward for executive workers and recognising their contribution in opposition to the state. As a way to make sure that the scheme being presented is financially sustainable for the exchequer at some point additionally, the federal government might be contributing proactively in opposition to the advent of a pension corpus which is able to carrier the pension in long term to the beneficiaries of the scheme.
This contribution in opposition to the pension corpus might be Rs 1,000 crore according to annum to start with and can step by step build up in long term.
But even so, the present amassed corpus with NPS is Rs 16,746 crore for which the state will request the Pension Fund Regulatory and Construction Authority of the federal government of India to refund this quantity for efficient utilisation at its finish.(With Inputs from ANI, IANS)