Old Pension Scheme Latest News 2023:- The demand for Old Pension Scheme (OPS) is increasing across the country, due to which every day some or the other update is being released about the Old Pension Scheme (OPS). Ever since the New Pension Scheme (NPS) has been implemented across the country, there has been a demand in many states to replace the old pension scheme with the new pension scheme.
Because of which the government has to abolish the new pension scheme and issue the old pension scheme. There are still many states where the old pension scheme has not been implemented again. New Pension Scheme: At present only a few states in our country have been closed and old pension scheme has been implemented.
States like Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh have now again discontinued the new pension system and implemented the old pension scheme. The new pension scheme is still in force in many states, but the demand for the old pension scheme continues.
So friends, in today’s post, we will know in detail the complete information related to old pension scheme Latest News 2023. Along with this, what changes have happened in the new and old pension scheme, about which the employees want that the old pension scheme should be replaced by removing the new pension scheme, these things will also be known in detail. Candidates must read this post completely.
What is Old Pension Scheme?
When the employees retired from service, their pension was fixed at 50 per cent of the last pay drawn. In the old pension system, employees worked for 40 years or only 10 years, their pension was determined by the last salary. In the old pension scheme system, the old pension received by the employees was given by the government and there was a guarantee of getting the record of contribution of the employees in GPF.
What is New Pension Scheme?
The employees believe that the government has launched the new pension scheme for the social security initiative of the government employees in the new pension scheme.
New Pension Scheme The New Pension System is a compulsory contribution for the employees of public private and even unorganized sectors except armed forces on or after 1st January 2004.
The new pension scheme for all category of people was started from 2009 in which any person can take advantage of this scheme by making contribution to the pension account.
Under the new pension scheme, a fixed amount is contributed every month and the employee can withdraw only 60 per cent of the total amount on retirement.
While the remaining 40 percent amount has to be purchased from the annuity of the employees’ insurance company.
In this insurance scheme, the interest received in the statue is given to the employees in the form of pension.
There is no guarantee of how much money the employee will get as pension.
The biggest problem of the new pension scheme
Government employees believe that the government should make changes in the new pension scheme in such a way that at the time of retirement, the employees get back a large amount of contribution i.e. about 41.7 per cent of the combined amount, but this is not the case in the new pension scheme, which Because there is no new pension scheme. The old pension scheme does the opposite which is its biggest problem.
Old Pension Scheme v/s New Pension Scheme
The biggest difference between the old pension scheme and the new pension scheme is retirement, which we need to know, so let us know in the simplest language today what is the biggest difference between the old pension scheme and the new pension scheme.
Talking about the old scheme, after the death of the employee during retirement, his family used to get pension, such as if an employee is getting a salary of ₹ 80,000, then according to the old pension scheme after retirement, he will get around ₹ 35 to ₹ 40,000. Pension was available till
Apart from this, in the new pension, the same employees will get a pension of about ₹ 800 to ₹ 1000, which is not correct according to the employees, so the government employees are constantly demanding to stop the new pension scheme and implement the old pension scheme. .
Although the government has given such benefits in the new pension scheme, which are equal to the old pension scheme, but still the employees are finding the old pension scheme correct, so all the government employees want that the old pension scheme should be removed as soon as possible and The old pension scheme should be implemented again.
Why the demand for the old pension scheme?
The main reason for the demand of old pension scheme is getting more pension in the old pension scheme, due to which there is a lot of difference between the new pension scheme and the old pension scheme, so the employees are demanding to start the old pension scheme. In the old pension scheme, the salary of retired employees is half the amount.
Whereas, in the new pension scheme, 10 percent of the employee’s basic salary + DA is deducted. The special thing about the old pension scheme is that no money is deducted from the salary of the employees. Apart from this, there is no provision for DA to be received after 6 months in the new pension. Apart from this, the payment in the old pension is done through the government treasury. At the same time, there is no guarantee of fixed pension in the new pension.
Old Pension Scheme Latest News 2023
Union Finance Minister Nirmala Sitharaman has refused to give NPS funds to the old pension scheme, which will give a jolt to the old pension scheme. “If a state decides for some reason that NPS funds can be taken from the Centre, it will not be available.
Conclusion – Old Pension Scheme Latest News 2023
In this way, you can apply in your Old Pension Scheme Latest News 2023, if you want any more information related to this, then you can ask us by commenting.
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