Old Pension Scheme News: When asked about the restoration of the previous pension scheme during a media interview, Finance Minister Nirmala Sitharaman responded that while the governments of Rajasthan and Chhattisgarh are asking the Center to restore the money, it is illegal to do so.

Himachal Pradesh Elections: According to Nirmala Sitharaman, minister of finance, the people who make deposits to the National Pension Scheme (NPS) own the money that is placed there. According to the law, state governments cannot take it. In a statement to the media, Sitharaman stated that although the governments of Rajasthan and Chhattisgarh have asked the Center to return the funds, such an action is illegal and cannot be taken.

The Center is unable to retain employee funds,

The money that was placed under NPS to launch the previous pension system has been requested for a refund by the chief ministers of both states. The old pension system (OPS) for public employees will be reinstated in both of the states governed by Congress. They assert that the center is unable to retain the employees’ funds. In Himachal Pradesh, where Congress has also pledged to restore the system, it has grown in importance as an election topic.

Elections in Himachal Pradesh will hold on November 12.

In the state, there are 1.75 lakh government employees. On November 12, Himachal Pradesh will have elections. In Shimla, Sitharaman told reporters, “Under the law, the money placed in the central head under NPS cannot flow to the states. Only those employees who are making contributions will receive it. Can the law be changed? These funds were deposited with the Center by the employees. No one authority or entity will receive this money; it will only be distributed to the beneficiaries employees.

The Center is not returning the employees’ money:

I’m not talking about politics here, Bhupesh Baghel stated. I’m merely discussing the law. According to Bhupesh Baghel, the chief minister of Chhattisgarh, the Center has refused to repay Rs 17,000 crore to the NPS-registered state government employees. He claimed that the Center couldn’t hold the money for very long and that the state government could file a lawsuit after seeking legal advice.

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