The decision to implement the Old Pension System is up for debate across the nation. Big news regarding the previous pension scheme is currently in the public domain. In a lot of the states around the nation, the outdated pension system is still in use. At the same time, there is still a demand in several states to scrap the New Pension Scheme and reinstate the previous pension system.
OPS will be put into use in the initial cabinet.
Sukhwinder Singh Sukhu, the chief minister of Himachal Pradesh, has stated that after our cabinet is constituted this month, we would implement the old pension plan at the first cabinet meeting, which will be extremely beneficial to thousands of workers.
Will soon be expanded
He has informed everyone of his choice, which will shortly be enlarged, after taking the cabinet into consideration. It will be put into practice as soon as its list is received.
It will also be put into effect in many other states. The Rajasthani government had also stated in the budget for 2022 that the previous pension would be reinstated in the next fiscal year. In addition to this, Chhattisgarh’s state government will also put it into effect. The former pension plan was eliminated by the Central Government in 2004 and replaced with the National Pension System.
What are the benefits of the old pension plan?
The fact that the old pension plan is calculated based on the last collected income is by far its greatest benefit. In addition to this, DA also rises as the inflation rate does. The government raises the pension even after implementing the new pay commission.
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