Modi Government: On the demand of the employees, the government had sought opinion from the Law Ministry regarding the old pension scheme. It was asked from which department the Old Pension Scheme (OPS) can be implemented?
If you or any member of your family is a central government employee, then this news is useful. Before the coming of the new year, good news is coming for the government employees. The Old Pension Scheme (OPS) can be restored for the Central Government Employees in the coming time. Sources claim that the Modi government at the Center can consider this before the year 2024.
No concrete answer from the ministry, the government had sought the opinion of the Law Ministry regarding the old pension scheme on the demand of the employees. It was asked from which department the Old Pension Scheme (OPS) can be implemented? However, no concrete answer has been given by the ministry on this. Earlier in the last session of Parliament, Minister of State for Finance Bhagwat Karad had denied that the government was considering implementing the Old Pension Scheme.
Sources say that even though the government is denying it, the way the opposition party is focusing on this issue in the elections, a decision on old pension can be taken in the coming days . For those whose recruitment advertisements were issued on or before December 31, 2003 by the government, old pension can be considered for them.
3 big benefits of old pension scheme
1- Pension in OPS was made on the basis of last drawn salary.
2- With the increase in inflation rate in OPS, DA (Dearness Allowance) also increased.
3- When the government implements the new Pay Commission, it also increases the pension.
The Center had implemented the New Pension Scheme in the year 2004. Separate accounts were opened for the New Pension Scheme funds and a fund manager was also appointed to invest in the fund. The new employees can get a good amount at the time of retirement as compared to the old scheme if the pension fund investment returns are good. On this, the question of the employees is that the return of investment of pension fund will be better, how is it possible.
