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HomePersonal FinanceOld Pension Scheme: Great news for employees! Old pension scheme implemented here,...

Old Pension Scheme: Great news for employees! Old pension scheme implemented here, notification issued, they will get direct benefit .

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Old Pension Scheme: Old pension scheme has become a big issue in the whole country today. In various states of the country, the opposition governments of the Center have implemented the old pension scheme. 

In this connection, the Congress government of Himachal Pradesh has taken a big decision and has given a decision to restore the old pension scheme in the state. Information about this, the Himachal Pradesh government itself has issued a notice late in the evening.

Which employees will get the benefits

In the notice issued by the government, it has been mentioned that the old pension scheme will be implemented once again in Himachal Pradesh from April 1, 2023. A total of 1.36 lakh employees of the state government will get the benefit of this. In such a situation, they will no longer be a part of the National Pension Scheme.

Notification issued by the Chief Secretary

The notification to implement the old pension was issued by the Chief Secretary of the State Government. It said that after the cabinet’s decision to implement the old pension scheme, the contribution of state government employees covered under NPS will be stopped from April 1, 2023.

Himachal government will not give contribution in NPS

Let us tell you that under NPS, contribution is given from both the employer and the employee. In this, the contribution of the employer is made by the state governments. At the same time, after this change, now the government of Himachal Pradesh will not give contribution in NPS for its employees.

Retired employees will also get benefits

This decision from the government will not only benefit the existing employees, apart from this, the employees who have been discharged from their service are also going to get its benefit. According to the issued notification, the employees who have worked for 20 years or more, will now be given 50 percent of the basic salary and an amount equal to dearness allowance as pension.

OPS was closed in the year 2004

Please tell that the old pension scheme was closed in the year 2004. At the same time, in January 2004, the National Pension Scheme was brought in its place. It is also known as New Pension Scheme. In such a situation, the employees whose jobs have started after January 1, 2004, are covered under NPS.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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