Good news has arrived for government workers. In many places around the nation, the old pension system is in place. Nirmala Sitharaman, the finance minister, just made a significant announcement.
Good news has arrived for government workers (Central Government Employees) related to Old Pension Scheme.
In many places around the nation, the old pension scheme is in place. Strikes and protests are taking place concurrently in numerous states against its implementation, but the Finance Minister has now made a significant announcement (FM Nirmala Sitharaman). The Finance Minister’s announcement has greatly relieved the workers. The Elderly Pension Plan has been the subject of this announcement (OPS). Let us explain the government’s strategy.
Let us inform you that government personnel is now eligible
for the former pension plan’s benefits. Absolutely, people can still benefit from the previous pension plan even after joining the new one. The government has established a committee to decide whether to choose the old pension option. Please confirm that this committee will increase the New Pension Scheme popularity to OPS levels. The emphasis in this situation will be on earning in addition to certain returns.
The Ministry of Finance is evaluating
Let us inform you that there are numerous protests against the Old Pension Scheme being held by workers all around the nation. Additionally, many states have already adopted it. Because of this, there is a massive demand for it within the federal government. At this time, neither is it being discussed nor is it being implemented at the level of the central government. However, the Guaranteed Return in the New Pension Scheme is currently being reviewed by the Ministry of Finance, and it is being planned that the employees will receive the benefit of the old pension scheme under the New Pension Scheme itself.
You can receive a number of advantages
in fact, the government is aiming to include a minimum guaranteed pension system in the new pension plan as well, giving central government employees access to additional advantages. The government also intends to increase its contribution by more than 14% in addition to this. The government is debating how to raise the contribution without straining the exchequer.
What are the benefits of the old pension scheme?
The fact that the old pension scheme is calculated based on the last collected income is by far its greatest benefit. In addition, DA rises in tandem with increasing inflation rates. The government raises the pension even after implementing the new pay commission.
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