Old Pension Scheme: After 2010, the government has appointed employees under the New Pension Scheme. In this scheme, employees get very less benefits as compared to the old scheme (OPS).
Old Pension Scheme: Old Pension Scheme has been implemented in many states. It also includes big states like Rajasthan and Chhattisgarh. Other states are also considering implementing it. In the coming days, central government employees can also get the benefit of this. The Modi Government at the Center is considering the demand of the employees. Opinions have been sought from the Union Ministry of Law and Justice regarding the Old Pension Scheme (OPS). A final decision on this will be taken after the opinion of the ministry.
Which government employees will get the benefit?
If the central government implements the old pension scheme, then those employees will get the benefit of the old pension scheme (OPS), for whose recruitment advertisements were issued on or before 31 December 2003. According to Dr. Jitendra Singh, Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office, opinion has been sought from the Law Ministry in the matter of old pension. After receiving their reply, the report will be submitted to the Finance Ministry.
The matter of pension is under the Ministry of Law
Giving information in the Parliament, Minister of State Dr. Jitendra Singh said that after the decision of the Supreme Court, the Central Government had put the pension matter under the Ministry of Law. The Department of Financial Services, Department of Pensions and Pensioners’ Welfare (DoP&PW) may take appropriate decision regarding exclusion of those employees from the purview of NPS for whose recruitment the advertisement was issued on or before January 01, 2004 and they would be eligible for the old pension scheme. (OPS) under the
Old pension will not be available in CAPF
Union Minister of State for Home Nityanand Rai had given a statement in Parliament that there is no idea to give the benefit of the Old Pension Scheme in the Central Armed Police Force. He was asked whether the soldiers who came to Paramilitary after January 1, 2004 would get the benefit of OPS or not? According to him, under the Central Civil Services Pension Rules 1972, paramilitary staff are getting pension and other benefits. However, they will have to stay in the New Pension Scheme.
Advantages of OPS over NPS
There are continuous agitations at the state level regarding the Old Pension Scheme. Recently, the Rajasthan and Chhattisgarh governments have implemented the old pension scheme. At the same time, consideration is going on in Punjab and Maharashtra. After 2010, the government has appointed employees under the New Pension Scheme (NPS). In this scheme, the employees get very less benefits as compared to the old scheme. This does not secure their future. The government will have to pay tax on the money that will be received after retirement.
