Old Pension Scheme: A total of 11,850 crore (employee and employer contribution) has been transferred to NSDL from November 1, 2004 to March 31, 2022. According to the information received from NSDL, at present the market value of this deposit is about Rs.17,240 crore.
Raipur: Old Pension Scheme: Chhattisgarh government has announced the restoration of old pension scheme for its employees. The amount deposited by the state employees under the New Contributory Pension Scheme has increased to more than 17 thousand crores. Chief Minister Bhupesh Baghel has written a letter to PM Narendra Modi on Friday requesting him to direct the Pension Fund Regulatory and Development Authority to return this amount to the state government.
Chief Minister Bhupesh Baghel has written a letter to Prime Minister Narendra Modi requesting him to direct the Pension Fund Regulatory and Development Authority to return the Rs 17,240 crore transferred to NSDL under the New Contributory Pension Scheme to the Government of Chhattisgarh, so that government employees and their To implement the old pension scheme for the secure future of the family members, the decision taken by the state government can be implemented.
What is written in the letter,
Chief Minister Baghel has written in the letter, there is no such specific provision in the agreements made by the state government with the NPS Trust and NSDL, which allows the state government to go out of the contract in relation to the new contributory pension scheme and hinders the restoration of the old pension scheme.
He has written, in the federal structure, it is a sovereign decision of the state government. In order to secure the future of government employees and their families, it is not proper to stop the implementation of the decision in the course of the state budget announcement and the decision of the cabinet.
In his letter, Baghel said, citing the data available with the state government, a total of 11,850 crore (employee and employer contribution) has been transferred to NSDL from November 1, 2004 to March 31, 2022. According to the information received from NSDL, at present the market value of this deposit is about Rs.17,240 crore. Through a letter on 20 May 2022 by the State Government, informing the Pension Fund Regulatory and Development Authority about all the above facts, a request was made to return this deposit to the State Government.
There is no provision to refund the deposit, the
Authority has said through May 26, 2022 that in the Pension Fund Regulatory and Development Authority Act, 2013, read with the PFRDA (Withdrawal and Withdrawal under National Pension Scheme) Regulation, 2015 and other relevant rules, There is no provision of intent in which the deposit amount of employee and employer contribution can be returned to the state government.
Baghel has written that the decision of restoration of old pension to the employees of Chhattisgarh has been approved in the meeting of the State Council of Ministers held on May 1, 2022 and the notification has also been published in the Gazette.
Baghel has written in his letter, on the old demand of the officers and employees of the state government, it has been decided to restore the old pension scheme with a view to secure the future of him and his family.
Monthly pension contribution ended
From 1st April 2022, the contribution of the employees and the state government deposited to NSDL has been stopped, eliminating the monthly pension contribution to be made from the salary of government servants. In its place, according to the old pension scheme, every such employee’s contribution of 12 percent of his basic salary is being deposited every month by opening a new General Provident Fund account, which will be final on the retirement of the employee along with interest as per the General Provident Fund rules. Payment will be made.
