New pension will get canceled & old pension will get restored

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This information is beneficial to you if you work for the government or if someone in your family does. Officers and workers who were hired as a result of a job posting published by the Union Ministry of Personnel prior to December 22, 2003, are regarded as being eligible for an old pension. IAS officers and staff have the same pension rights in this. The deadline for its application has been set as August 31, 2023. The UP Personnel Department has begun the job, according to a letter from Sanjeev Narayan, Additional Secretary, Union Ministry of Personnel.pension

New Pension Scheme – 10% of the employee’s salary is withheld

Let us inform you that the country’s government employees began receiving benefits. Under the New Pension Scheme (NPS) in January 2004 after the old pension was abolished. Ten percent of the employee’s pay is deducted under NPS. The GPF facility is present in the previous pension but not in the new pension. The call to reinstate the old pension has been growing for a while in both the states and the federal government. Some state governments have restored it. The letter from the Union Ministry of Personnel will relieve the employees in this situation.pension

Employees of the Central Armed Forces would not fall under the purview of the Ministry of Personnel

according to a letter that the Personnel Department of Uttar Pradesh is sending to the relevant ministries. A copy of this letter is being sent to the relevant government departments by the personnel department of the state of Uttar Pradesh. The option to choose the option is available to anyone who falls under its purview until August 31, 2023. In a letter published by the Ministry of Personnel. It was stated that ongoing applications are being received for providing old pensions to people hired after January 2004 under the advertisement published for government employment up until December 22, 2003.pension

Because of this, it has been suggested that

officers and workers who obtained jobs based only on job advertisements up until 2003 be granted the benefit of the old pension. The government has provided an alternative for this. One must choose this option if they want to sign up for the old pension. Employees will only receive the NPS benefit if they fail to choose this option by the deadline. If a person chooses an old pension, their NPS account will be canceled by obtaining an order by October 31, 2023.

Read more: Post Office Scheme, now your accounts will be credited each month!

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