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5 states inform Centre about reverting to old pension scheme

by AIP Online Bureau | Feb 7, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security

”The state governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh have informed the central government/Pension Fund Regulatory and Development Authority (PFRDA) about their decision to restart Old Pension Scheme (OPS) for their state...
Maha govt positive about old pension scheme for teachers and govt employees: CM Shinde

Maha govt positive about old pension scheme for teachers and govt employees: CM Shinde

by AIP Online Bureau | Jan 22, 2023 | Indian News, Pension & Social Security, Policy

Eknath Shinde, Chief Minister,Maharashtra Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last salary drawn as pension However, the pension amount is contributory under the National...
Citing MHA circular, HC quashes finance ministry notification, orders OPS for all personnel of CAPFs

Citing MHA circular, HC quashes finance ministry notification, orders OPS for all personnel of CAPFs

by AIP Online Bureau | Jan 12, 2023 | Indian News, Pension & Social Security, Policy

Delhi High Court has ordered implementation of the Old Pension Scheme for all personnel of the CAPF and directed the Centre to issue necessary instructions within eight weeks It quashed a 2003 notification of the Union Ministry of Finance and a 2020 Office Memorandum...
Old pension scheme will put burden of Rs 1.10 lakh cr on exchequer, Maha govt won’t revert to it: Fadnavis

Old pension scheme will put burden of Rs 1.10 lakh cr on exchequer, Maha govt won’t revert to it: Fadnavis

by AIP Online Bureau | Dec 21, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security

Devendra Fadnavis,Deputy Chief Minister,Maharashtra Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last salary drawn as pension Mumbai: Maharashtra Deputy Chief Minister Devendra...

Punjab to implement Old Pension Scheme, state cabinet okays notification

by AIP Online Bureau | Nov 19, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security

State government contribution towards the pension corpus will be Rs 1,000 crore per annum initially and will gradually increase in future. In addition to this, the current accumulated corpus with NPS is Rs 16,746 crore for which the state government will request...
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