Old Pension Scheme Latest Update: The Modi Government of the Center has given great news to the central employees after a long wait. Central employees are going to get the benefit of old pension scheme ie Old Pension Scheme.
After this, now the central employees (Government Employees) are going to bat. However, not all employees are going to get the benefit of the Old Pension Scheme. Because according to the new update released by the government, only a few selected employees are being given the opportunity to opt for the Old Pension Scheme (OPS).
In such a situation, there is a question in the mind of the central employees whether they are eligible for the benefits under the old pension or not. If you are an employee of the Central Government and want to know whether you are among the beneficiaries of the old pension scheme or not, then definitely read this news.
Which employees are going to get the benefit of Old Pension Scheme (OPS)
According to the new update regarding old pension, the employees joining the services of the Central Government under the advertised or notified posts before December 22, 2003, the date of notification of the National Pension System (NPS) Eligible to join the old pension scheme under the Central Civil Services (Pension) Rules, 1972 (now 2021).
Understand this in simple words, if an employee has joined the government job through the recruitment that came out before December 22, 2003, then he will get the benefit of old pension. There itself. The employees who have got jobs through recruitment released after December 22, 2003 will not get the benefit of old pension. They will be given pension cover under the National Pension Scheme.
Know the last date for choosing the old pension scheme
Government employees who are eligible to opt for the old pension scheme can exercise this option till August 31, 2023. Along with this, the government has also told that if the eligible employees do not opt for the Old Pension Scheme (OPS) by August 31, 2023, then they will be given pension under the New Pension Scheme (NPS).
On the other hand, if an employee chooses to go from the new pension scheme to the old pension scheme (NPS To OPS), then it will be considered as the last option. This means that he will not be able to switch to the new pension scheme again.
What is Old Pension Scheme
Let us tell you that under the old pension scheme i.e. Old Pension Scheme (OPS), before the year 2004, the government used to give a fixed pension to the employees after retirement. This pension was based on the salary of the employee at the time of retirement. In this scheme, after the death of the retired employee, his family members were also given the benefit of pension. However, on April 1, 2004, the Central Government had decided to discontinue the Old Pension Scheme. After which, in the year 2004, the National Pension System was started in place of the old pension scheme.
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Central employees were demanding implementation of old pension. They believe that the new pension scheme offers less facilities and benefits than the old pension scheme. Along with this, according to the central employees, they were also facing some problems in the New Pension Scheme (NPS).
