The issue of old pension has become hot in many states of the country, no proposal for old pension is under consideration in Madhya Pradesh. This has been disclosed by the state’s Finance Minister Jagdish Deora.
In response to the question asked by Congress MLA Ravindra Singh Tomar regarding the old pension of the employees, Jagdish Deora has written that NPS has been implemented by the state government for all government servants appointed on or after January 1, 2005. There is no provision of minimum pension in the National Pension System.
Annuity is received on the basis of 40 percent of the total contribution deposited by the government servant during the entire service period and the contribution in the fixed ratio of the state government, the remaining amount is paid in lump sum.
When will the old pension scheme be implemented in the state?
Finance Minister Deora further said that this amount is based on the salary and total service period of government servants. At present no proposal for old pension is under consideration.
The Congress MLA had asked the Minister that any action is being taken regarding the restoration of the old pension system after retirement to the officers and employees of the State Government appointed after January 1, 2005, if so, by when. Otherwise why, Deora has answered this question.
