The Narendra Modi authorities of the Middle has given numerous data relating to the Previous Pension Scheme. The federal government mentioned that the outdated pension scheme has been applied in 5 states of the nation. The Finance Ministry informed Parliament that the governments of 5 states have knowledgeable the Middle about their determination to re-adopt the outdated pension scheme.
Previous pension scheme applied in these 5 states
Giving data in a written reply to a query within the Lok Sabha, Minister of State for Finance Bhagwat Karad mentioned, the outdated pension scheme has been applied in Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh. He knowledgeable that these 5 states have knowledgeable the Central Authorities/Pension Fund Regulatory and Growth Authority (PFRDA) about their determination to revive the outdated pension scheme (OPS) for his or her state authorities staff. Karad additionally mentioned that there isn’t a such provision underneath the PFRDA Act, underneath which the gathered quantity of the subscribers, i.e. the federal government and staff’ contribution to the NPS, may be refunded to the state authorities.
Biju Janata Dal MP Bhartrihari Mahtab requested the federal government for data on outdated pension scheme
In truth, Biju Janata Dal MP Bhartrihari Mahtab requested the central authorities 5 questions together with the outdated pension scheme and sought solutions. He requested the Authorities, would the Finance Minister be happy to state whether or not
(a) whether or not the Previous Pension Scheme (OPS) is being applied in sure States of the nation;
(b) in that case, the main points thereof and Authorities’s response thereto?
(c) whether or not the OPS is prone to have an effect on the exchequer of the State Authorities;
(d) whether or not the extra monetary burden as a consequence of OPS is prone to enhance the debt of the State Governments and in that case, the main points thereof and the response of the Authorities thereto;
(e) the steps taken by the Pension Fund Regulatory and Growth Authority on this regard?
Previous Pension Scheme: Previous pension schemes are a ‘burden’ for the long run era, know who mentioned this now
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