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Himachal cabinet gives nod to implement ‘old pension scheme’ from April 1

Old Pension Scheme: The Congress government in Himachal Pradesh on Friday decided to implement the Old Pension Scheme (OPS) from April 1, the Government said in an official statement.---Advertisement--- The cabinet meeting, led by chief minister Sukhvinder Singh Sukhu gave assurance to implement OPS in the state. This would put a burden of RS 1,000 […]

Old Pension Scheme: The Congress government in Himachal Pradesh on Friday decided to implement the Old Pension Scheme (OPS) from April 1, the Government said in an official statement.

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The cabinet meeting, led by chief minister Sukhvinder Singh Sukhu gave assurance to implement OPS in the state. This would put a burden of RS 1,000 crore on state expenditure, the official statement said.

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Apart from OPS State’s cabinet gave nod to repeal Himachal Pradesh Loktantra Prahari Samman Adhiniyam, 2021 and Himachal Pradesh Loktantra Prahari Samman Niyam, 2022, These two schemes would provide a monthly pension of Rs 11,000 per month to persons who were lodged in Jail during Emergency.

As per the statement issued by the HP Government, the Cabinet not only took a historic decision to implement the old pension scheme but decided to bring state employees under the ambit of the General Provident Fund (GPF).

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“The state’s Government employees, who have retired after May 15, 2003, will be eligible for OPS. The decision would leave a burden of Rs 1,000 crore on the state exchequer in the 2023-24 Financial year,” the Government said.

The congress had promised in their poll manifesto that they would implement the old pension scheme if voted to power.      

Also Read: New India of today establishing new work culture: PM Modi

First published on: Mar 04, 2023 02:27 PM IST


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