Government employees can exercise the old pension scheme option till August 31, 2023.
New Delhi:
Old Pension Scheme Latest News: There is a great news for the employees of the Central Government. The government has given some employees Old Loan The scheme (old pension scheme) has been given a chance. Ministry of Personnel has issued an order regarding this. The government said in an order on Friday that specific selected employees are being given a chance for recognition of old pension accounts (OPS). So know about it..
These employees will get the benefit of the old pension scheme
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According to the order of the government, the employees joining the services of the central government under the Central Civil Services (NPS) advertised or shares before December 22, 2003, the date of announcement regarding the National Pension System (NPS) ) Pension) Rules, 1972 (now 2021) are eligible to join the old pension scheme.
Old pension scheme opportunity till 31 August
Government employees concerned can exercise this option till August 31, 2023. Along with this, it has also been told by the government that if the eligible employees are not opting for the old pension scheme by August 31, 2023, then they will be given pension cover under the National Pension System (NPS). On the other hand, if an employee once chooses either old pension or new pension, then it will be considered as the final option. That is, no change can be made in it.
NMOPS requests amendment in New Pension Scheme
The National Movement for Old Pension Deposit (NMOPS) has welcomed the government’s decision. It is an organization of more than fourteen lakh central and state government employees. Delhi unit chief of NMO PS Manjit Singh Patel said, “This is good news for the eligible central government employees. We once again request the Central Government to amend the existing New Pension Scheme (New Pension Scheme) so that all Central Government employees can get the benefits of Old Pension Scheme (Old Pension Scheme).
What is old pension scheme
Let us tell you that under the Old Pension Scheme i.e. Old Pension Scheme (OPS), the government used to give a fixed pension after allotment to the employees before 2004. It was based on the salary of the employees at the time of their destruction. After the death of the employees in this stigma, their families were also given pension.
However, the Central Government discontinued the old pension scheme (Purani Pension Yojana) on 1 April 2004. In the year 2004, by abolishing the old pension scheme, the National Pension Scheme (National Pension System) was started instead.