Old age pension punjab 2022

Punjab government staff edgy over old pension scheme restoration Employee unions have threatened to stage protests unless a proper notification is issued, State government is also facing the challenge of getting back the accumulated government’s share of ₹17,000 crore from the Central Pension Authority November 27, 2022 10:27 pm | Updated November 28, 2022 08:57 am IST - CHANDIGARH With the Punjab government yet to notify the detailed scheme and the Standard Operating Procedures surrounding the Punjab government employees are up in arms against the ruling Aam Aadmi Party (AAP) government and have threatened to resort to an agitation if a ‘proper’ notification was not issued right away. The employees are demanding an immediate amendment to the Civil Service Rules and written details surrounding the pension policy, which has not been done in the notification. Old pension scheme will burden future taxpayers: NITI Aayog Vice-Chairman On November 18, the ‘Sanjha Mulazam Manch’s’ protest Several employees under the banner of ‘Sanjha Mulazam Manch’, a joint platform of employees, which includes the employees related to various directorate unions, teacher unions, the Punjab State ministerial service union, the Punjab civil secretariat staff association Also Read | “We will stage protest demonstration against the State government on November 30, and if the notification in accordance with the rules is not issued, we will intensify our agitation. The government should have clearly me...

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Old Age Pension Scheme, AAP, Congress: Congress and AAP are promising to switch to the Old Pension Scheme. Congress has already reverted to the Old Pension Scheme in Rajasthan and Chhattisgarh, and AAP has said it would do the same in Punjab. Turning the clock back on reform is bad politics, and certainly bad economics. Here’s why. What was the Old Pension Scheme? Pension to government employees at the Centre as well as states was fixed at 50 per cent of the last drawn basic pay. The attraction of the Old Pension Scheme or ‘OPS’ — called so since it existed before a new pension system came into effect for those joining government service from January 1, 2004 — lay in its promise of an assured or ‘defined’ benefit to the retiree. It was hence described as a ‘Defined Benefit Scheme’. To illustrate, if a government employee’s basic monthly salary at the time of retirement was Rs 10,000, she would be assured of a pension of Rs 5,000. Also, like the salaries of government employees, the monthly payouts of pensioners also increased with hikes in dearness allowance or DA announced by the government for serving employees. DA — calculated as a percentage of the basic salary — is a kind of adjustment the government offers its employees and pensioners to make up for the steady increase in the cost of living. DA hikes are announced twice a year, generally in January and July. A 4 per cent DA hike would mean that a retiree with a pension of Rs 5,000 a month would see her monthly income...

Tribune News Service Chandigarh, March 8 Punjab Finance Minister Manpreet Singh Badal on Monday presented the state budget for the financial year 2021-22 in the state assembly. The social sector expenditure has been increased from Rs 2,320 crore to Rs 4,000 crore Also read: Punjab Budget: 48,989 vacancies to be filled; 6th Pay Commission to be implemented from July 1 For the social sector, Badal announced the following schemes: • Old age pension increased to Rs 1500 from Rs 750 • Free travel for women in government-run buses • Freedom fighter pension increased from Rs 7,500 to Rs 9,500 • 48,989 posts in state government to be filled in the first phase, against 1 lakh vacancies. • Rs 100 crore assigned for BR Ambedkar museum to be set up in Kapurthala • Government to increase the allocation under the Aashirwad scheme from Rs 21,000 to Rs 51,000 • Seven hostels to be set up for working women in Jalandhar, Ludhiana, Patiala, Mohali, Mansa and Bathinda Also read: Punjab Budget: Govt to waive farm loans of 1.13 lakh farmers; Rs 7,180 cr power subsidy announced Punjab Budget: Govt to set up 2 new medical colleges, 8 maternal and child health wings Punjab Budget: Free bus travel for govt college students; Rs 100 cr allotted for smartphones for class 12 students The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust compri...

Punjab Old Age Pension Application Form PDF in Punjabi read online or download for free from the link given at the bottom of this article. The Indira Gandhi National Old Age Pension Scheme (IGNOAPS) is a non-contributory old age pension scheme that covers Indians who are 60 years and above and lives below the poverty line. All individuals above the age of 60 who live below the poverty line are eligible to apply for IGNOAPS REPORT THISIf the purchase / download link of Punjab Old Age Pension Application Form PDF is not working or you feel any other problem with it, please REPORT IT by selecting the appropriate action such as copyright material / promotion content / link is broken etc. If this is a copyright material we will not be providing its PDF or any source for downloading at any cost. RELATED PDF FILES

By In a few weeks from now, the results of the Himachal Pradesh assembly elections will be out. Normally, regimes change every five years in the state. This time, the Congress is banking on a promise to come back to power. The promise is that the party will restore the old pension scheme for all retired government employees. It seems to have struck a chord with voters. The Congress has already "restored" the old pension scheme in the two states that it rules: Chattisgarh and Rajasthan. Even the Aam Aadmi Party government in Punjab has decided to bring back the old pension scheme. Under the old pension scheme, government employees are guaranteed a lifetime pension, which is 50% of the last drawn basic salary, with dearness allowance added every six months based on inflation. It sounds very citizen-friendly. But here is the catch. Pension payments already account for almost 80% of the total tax revenues generated by Himachal Pradesh on its own. If the Congress wins and implements the old pension scheme as promised, the pension bill alone will eat up the tax revenues of the state. There could be more polite ways of describing this move. But quite simply, it is reckless populism that will wreck the fiscal health of the state for at least one generation. Worse, it is elitist populism gone rogue because the beneficiaries will all have per capita incomes that are way above the poverty level. Together, they don't constitute even 10% of the population of the state. This single gest...

The government of India has launched pension schemes to provide financial stability and security for retirees. If you register for a pension scheme in India at a younger age, you may have an easier time when you retire. Pension Schemes for Senior Citizens Offered by the Government of India Pension schemes in India trace their origin as far back as British rule. Government employees first received pension benefits in 1881 through the Royal Commission of Civil Establishments. The Government of India acts of 1919 and 1935 made further provisions for pensions for government employees. Today, the government of India offers several pension schemes for government and private employees. List of the Best Pension Schemes for Senior Citizens Here are the various pension schemes for senior citizens offered by the government of India. Depending on requirements, a person can apply for one or more of these pension schemes. 1. National Pension Scheme (NPS) Launched in 2004, the National Pension Scheme was available only to government employees. However, all citizens except army personnel were granted access from 2009 onwards. The minimum contribution is ₹6,000 per year. Eligibility • Should be an Indian citizen. • An account can be opened between the ages of 18 to 65 years. • KYC details required. • Applicant should not already have an NPS account. Benefits of NPS • Returns are inflation-adjusted. • Contributions are invested in market-linked elements like equities which provide better re...

Punjab Pension Scheme 2022: The State Government of Punjab has started various schemes for the citizens. For the welfare of old-age citizens, widows, and persons with disability, the government has also started a pension scheme. Here we are going to talk about the pension scheme of the Punjab government in detail. If you are interested to know more about the Punjab Pension Scheme 2022 then you should read this article very carefully. This article contains all the important aspects related to the Punjab pension scheme including its benefits, features, eligibility, required documents to submit while applying, procedure process beneficiary list and many more. About Punjab Pension Scheme To live life independently, money is required. Not everyone is able to earn their livelihood on their own. To make the old age citizens, women, and people with disability self-dependent government of Punjab has started Pension Scheme. Only those citizens who belong to the economically weaker section will be able to get the benefit of this scheme. To meet the day-to-day daily expenses government is going to provide a monthly pension amount to the beneficiaries directly in their bank account under Punjab Pension Scheme. You meet to check your eligibility if you wish to get benefits from the scheme. Eligibility criteria along with the step-by-step application process, you will get from a further section of this page. Objective Of The Scheme The objective of the Department Of Social Security And W...

Old Age Pension Scheme, AAP, Congress: Congress and AAP are promising to switch to the Old Pension Scheme. Congress has already reverted to the Old Pension Scheme in Rajasthan and Chhattisgarh, and AAP has said it would do the same in Punjab. Turning the clock back on reform is bad politics, and certainly bad economics. Here’s why. What was the Old Pension Scheme? Pension to government employees at the Centre as well as states was fixed at 50 per cent of the last drawn basic pay. The attraction of the Old Pension Scheme or ‘OPS’ — called so since it existed before a new pension system came into effect for those joining government service from January 1, 2004 — lay in its promise of an assured or ‘defined’ benefit to the retiree. It was hence described as a ‘Defined Benefit Scheme’. To illustrate, if a government employee’s basic monthly salary at the time of retirement was Rs 10,000, she would be assured of a pension of Rs 5,000. Also, like the salaries of government employees, the monthly payouts of pensioners also increased with hikes in dearness allowance or DA announced by the government for serving employees. DA — calculated as a percentage of the basic salary — is a kind of adjustment the government offers its employees and pensioners to make up for the steady increase in the cost of living. DA hikes are announced twice a year, generally in January and July. A 4 per cent DA hike would mean that a retiree with a pension of Rs 5,000 a month would see her monthly income...

Punjab Old Age Pension Application Form PDF in Punjabi read online or download for free from the link given at the bottom of this article. The Indira Gandhi National Old Age Pension Scheme (IGNOAPS) is a non-contributory old age pension scheme that covers Indians who are 60 years and above and lives below the poverty line. All individuals above the age of 60 who live below the poverty line are eligible to apply for IGNOAPS REPORT THISIf the purchase / download link of Punjab Old Age Pension Application Form PDF is not working or you feel any other problem with it, please REPORT IT by selecting the appropriate action such as copyright material / promotion content / link is broken etc. If this is a copyright material we will not be providing its PDF or any source for downloading at any cost. RELATED PDF FILES