look news india
Teachers and other government employees are now filing biodata against the government regarding some outstanding demands including the old pension scheme. This movement is being carried out by the Rashtriya Samyukta Morcha of the RSS-affiliated educational association.
The Maha Panchayat of All India National Teachers Association is being held in Gandhinagar today. Teachers from all over the state have left for Gandhinagar. This Maha Panchayat will be held in the Satyagraha camp of Gandhinagar. Teachers will open a front against the government today regarding the old pension scheme and other demands. Teachers from Kutch have left for Gandhinagar by train. Teachers from Junagadh, Rajkot, Bhavnagar, Jetpur are reaching Gandhinagar. Teachers from South Gujarat, Central Gujarat and North Gujarat will also participate in the Maha Panchayat, it is estimated that one lakh teachers will participate in this Maha Panchayat. Teachers will form a front in the Satyagraha camp in Gandhinagar.
Let us tell you that earlier the teachers and employees of the state had protested by doing chokedown and paindown. After this movement, the government had earlier assured to resolve the pending issues including the old pension scheme. Employees across the state are agitating as any pending problem has not been resolved yet. Today on March 9, 1 lakh teachers and employees will gather at the Gandhinagar Satyagraha camp and hold a Mahapanchayat and try to peacefully draw the government's attention to the pending issues.
What is the difference between the new and old pension scheme?
Both the old and new pensions have some advantages and disadvantages. In the old pension scheme, at the time of retirement, half of the last salary is given to the employee as pension. In the old scheme, pension was determined based on the last basic pay of the employee and inflation figures.
In the old pension scheme, no money was deducted from the salaries of the employees. In the old pension scheme, the pension given to the employee is paid from the government treasury. Apart from this, gratuity up to Rs 20 lakh is available in this pension scheme. On the death of a retired employee, his family members get pension. In the old pension scheme, DA was provided to the employees after every 6 months. Apart from this, whenever the government constitutes a pay commission, the pension is also revised.
What is special in the new pension scheme?
In NPS, 10% is deducted from the salary of the employees, whereas in the old pension scheme, no amount is deducted from the salary. The old pension scheme had the facility of GPF, but the new scheme does not have this facility. In the old pension scheme, half of the salary was given as pension at the time of retirement, whereas in the new pension scheme, there is no guarantee as to how much pension you will get.
The biggest difference between the two is that the old pension scheme is a secured scheme, paid from the government treasury. The new pension scheme is based on the stock market, in which the money you invest in NPS is invested in the stock market, whereas there was no such provision in the old pension scheme. If there is a recession in the market then the returns on NPS may also decrease.