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Centre to bring back Old Pension Scheme to benefit govt employees? Here's what we know The Indian Public Services Employees Federation (IPSEF) is running a campaign demanding the reimplementation of the old pension scheme for government employees. Around 60 MPs have also shown support for the demand. New Delhi | Jagran Business Desk: The Old Pension Scheme (OPS) is receiving a lot of support from the members of Parliament to bring it back for government employees. The Indian Public Services Employees Federation (IPSEF) is running a campaign for this.So far, around 60 MPs have shown their support for the old pension scheme. However, the government has announced in Parliament that it has no proposal under consideration to abolish the new pension system (NPS) and return the old pension system. 60 MPs support the demands of IPSAF The Indian Public Services Employees Federation (IPSEF) has received the support of many Lok Sabha and Rajya Sabha members for their campaign which advocates to re-implement the old pension scheme. So far 60 MPs have agreed to support the IPSEF demand and raise the issue in both the Houses of Parliament. All these MPs are from non-BJP parties according to a Dainik Jagran report. VP Mishra, National President of IPSAF, said that the objective of his campaign is to provide the benefits of the old pension scheme to even those government employees who were recruited after April 2005. He said that the old pension scheme is necessary to secure the future of...

Synopsis ​​“The talks have failed and so we are going on an indefinite strike from midnight; 18 lakh employees, including government and semi government employees, hospital staff and sanitation workers would take part in the strike,” said Vishwas Katkar of the Rajya Sarkari Karmachari Madhyavarti Sanghatana, an umbrella body of state government employee unions. Around 18 lakh Maharashtra government employees will begin an indefinite strike from Monday midnight after talks with the state government on reintroducing the “The talks have failed and so we are going on an indefinite strike from midnight; 18 lakh employees, including government and semi government employees, hospital staff and sanitation workers would take part in the strike,” said • Chennai court grants ED 8 days custody of Balaji • US nuclear submarine arrives in South Korea • Patanjali launches premium FMCG products • Double-digit returns for most 2023 IPOs! • Cyclone Biparjoy: Rain in parts of Delhi • Newest water e-bike surfaces on the Seine • Sensex surges 467 pts; Nifty above 18,800 • Watch: Destruction causes by Cyclone Biparjoy • Cyclone moves to Rajasthan, triggers heavy rains • 'Global influences made us forget traditional crops'

The Group of Ministers, comprising Buggana Rajendranath Reddy, Botcha Satyanarayana and A. Suresh, made another vain attempt on Wednesday to break the deadlock over the contentious issue of the Contributory Pension Scheme (CPS) by holding talks with the representatives of a few employees’ associations. Most of the leaders owing their allegiance to the AP JAC Amaravati member- associations boycotted the talks saying that they were not ready to discuss anything other than restoration of the Old Pension Scheme (OPS) as was promised to them by Chief Minister Y.S. Jagan Mohan Reddy at the time of the elections. There was no breakthrough as the Ministers’ attempt to convince the employees’ representatives to accept the Guaranteed Pension Scheme (GPS) designed by the government as a middle ground did not cut any ice with them. After a PowerPoint presentation on the GPS, Mr. Rajendranath Reddy (Finance Minister) said dialogue was a solution to all challenges. The government had been inviting the employees’ representatives for talks in the hope that the CPS issue could be resolved. He said the government was ready to offer guaranteed pension, guaranteed family security and guaranteed minimum pension, among other benefits, under the GPS. The employee leaders could give their approval after discussing these aspects with other employees, he said. Addressing the media after the meeting, Mr. Satyanarayana (Education Minister) admitted that the government was forced to go back on its wor...

Image Source : INDIA TV Old Pension Scheme News: Select govt employees get one last chance OPS, Old Pension Scheme: The government has given a one-time option to a select group of central government employees to opt for the old pension scheme. According to an order from the Personnel Ministry on Friday, employees who joined central government services before December 22, 2003, are eligible to join the old pension scheme under the Central Civil Services (Pension) Rules, 1972. This option may be exercised by concerned government employees no later than August 31, 2023. The decision was made following representations and court decisions on the matter. According to the order, it was stated that representations had been received from government servants who were appointed on or after 01.01.2004. These government servants had requested that the benefit of the pension scheme under Central Civil Services (Pension) Rules, 1972 (now 2021) be extended to them. The reason cited for their request was that their appointment had been made against the posts/vacancies that were advertised/notified for recruitment prior to the notification for the National Pension System. The order also cited court decisions from various Hon'ble High Courts and Hon'ble Central Administrative Tribunals that granted such benefits to applicants. In light of various representations and court decisions, the matter was examined in consultation with the Departments of Financial Services, Personnel & Training, Expe...

Meanwhile, once again a positive aspect has come to the fore regarding the demand of the old pension scheme from the government. In such a situation, it is believed that the process of old pension scheme can be started soon in the state. Discussion on restoring the old pension scheme In fact, since the change of power in Bengaluru, Karnataka, the Congress is engaged in fulfilling all the promises made by it. Meanwhile, Chief Minister Siddaramaiah met the employees union. Meanwhile, Chief Minister Siddaramaiah has assured that the Congress government will discuss the restoration of the old pension scheme in the next cabinet meeting. The Chief Minister was holding a meeting with the State Government Employees Union. Speaking in the meeting with whose delegation, he said that the announcement of the plan can be considered in the government meeting to be held on July 7. trade union demand Actually, under the new pension scheme in Karnataka, the employees are being given the benefit of the pension scheme. On the other hand, Shantaram Teja, president of the employees union, says that by canceling the new pension scheme, Rs 19,000 crore available under the scheme can be used in the development programs of the government. He said that out of this the government share of 10000 crores can be used for development works and the grant of 9000 crores should be converted into GPF. Let us tell you that this scheme was closed on March 31, 2004 in the state. Advantages of OPS-NPS Under the ...

New Delhi: At least 18,000 government employees, including semi-government employees, in Maharashtra have gone on strike demanding restoration of the old pension scheme. After reaching no consensus during a meeting with Chief Minister Paramedics working in hospitals run by the state government and civic bodies, sanitation workers, and teachers have also joined the strike at a time when examinations for classes 10 and 12 are underway. Employees raised slogans like "Only one mission, Restore Old Pension" outside government offices and hospitals. Several unions of the Brihanmumbai Corporation under the 'Municipal Union' will join the protest at Azad Maidan at 3 pm today, though the BMC workers have not called for a strike but will put forward their demands including that of restoration of old pension scheme. Cornering the BJP-led Centre and Maharashtra government on the issue, Congress demanded implementation of old pension scheme. ALSO READ: "Be it the Central government or the Maharashtra government both are anti-farmer," said Maharashtra Pradesh Congress Committee President, Nana Patole. "The state government is not helping farmers, we want the demands of farmers to be fulfilled and old pension scheme to be implemented, else we will hold 'Kursi Choro Andolan' throughout the State," he added. CM Shinde assured the employees that they would be provided with financial security after retirement, but not satisfied with this, the government employees have decided to go on strike...

Bring back old pension scheme, Central government employees write to Cabinet Secretary The National Pension System is a disaster for retiring employees, says an apex body of various government unions; pension under existing scheme just 15% of that under earlier one November 06, 2022 08:01 pm | Updated November 07, 2022 10:07 am IST - New Delhi A federation of Central government employees’ unions has written to the Cabinet Secretary to The federation said a Defence establishment official who recently retired after more than 13 years of service received only 15% of the assured pension he would have otherwise availed under the OPS. Under the NPS, the official with a basic pay of ₹30,500 received ₹2,417 as monthly pension as against the ₹15,250 pension he would have been given under the OPS. Also Read | Another official with a basic pay of ₹34,300, received ₹2,506 as monthly pension after more than 15 years of service, whereas under the OPS, he would have been entitled to ₹17,150 as pension. The letter signed by the Joint Consultative Machinery (JCM), an apex body of various government unions comprising Group B and Group C officials, said: “It is amply clear that the NPS employees despite their contribution of 10% of their wages every month for their entire service is getting only a very meager pension and are worse off vis-à-vis the OPS. The pension under NPS remain static and there is no Dearness Relief to compensate the price rise /inflation as available in the OPS.” It sai...