FM Nirmala Sitharaman on Old Pension Scheme: Big news is coming out about the old pension system across the country. At present, the burden of implementing the Old Pension System (OPS) is increasing on the Central Government . The government has also given a hint regarding its implementation.
Old Pension News: Big news is coming out about the old pension system across the country. At present, the burden of implementing the Old Pension System (OPS) is increasing on the Central Government. The government has also given a hint regarding its implementation. Now big news is coming out from the Ministry of Finance regarding the old pension system. Let us tell you when the government can finally implement this system-
Finance Ministry gave information
The Finance Ministry has constituted a committee to review the Employees’ Pension System. This committee has been constituted under the leadership of Finance Secretary TV Somanathan. This committee will suggest whether any changes are necessary in the existing structure of the National Pension System (NPS) applicable to government employees.
Employees before 2004 are getting benefits
benefit of the old pension system is being given to the employees who joined the government service before the year 2003. On the other hand, the employees who came in government service from January 2004 are getting the benefit of the new pension system. Apart from the central government, 5 state governments of the country have decided to implement the old pension scheme.
In which states OPS was implemented?
Let us tell you that Rajasthan had first decided to implement the old pension system. After this, the governments of Punjab, Chhattisgarh, Himachal Pradesh and Jharkhand also announced its implementation.
Choose the old pension scheme by August
Let us tell you that all the government employees can choose the old pension scheme. He has the option to choose this pension till 31 August 2023. Along with this, the government has told that the eligible employees who do not select the option of Old Pension Scheme (OPS) till August 31, will be put in the New Pension Yojana.
