look news india
Old Pension Scheme: Railway Employees Union has demanded restoration of the old pension scheme for government employees. A resolution regarding this demand has been passed in the representative meeting of All India Railwaymen's Federation. Federation General Secretary Ship Gopal Mishra said that in the meeting of All India Railwaymen Federation, government employees have demanded the old pension scheme from the government.
Jahaz Gopal Mishra said that he has been told by the government that the committee formed under the chairmanship of the Finance Secretary on the National Pension Scheme will report on it after the new government comes to power after the Lok Sabha elections, after which the government will take a decision on it. A decision. Take a decision on this. Jahaj Gopal Mishra said that, our demand is that after retirement, 50 percent of the basic salary should be given to the central employees as pension.
In the interim budget presented on 1 February 2024, it was expected that Finance Minister Nirmala Sitharaman would present the status report on the National Pension Scheme in Parliament, but this did not happen. A committee under the chairmanship of the Finance Secretary was constituted to review the NPC in April 2023. Apart from government employees, the committee has also discussed NPS with stakeholders. The National Employees Council has also presented its stand before the committee on the issue related to pension of government employees. The committee has discussed the provision of minimum pension with some changes in the National Pension Scheme. However, the committee is against implementing the old pension scheme. The committee does not want these changes to put any burden on the government treasury.
Last year there was news that the government can give 40 to 45 percent of the last salary to its employees as minimum pension before retirement. After this the Finance Ministry denied this news. After January 1, 2004, the National Pension Scheme was implemented by the Central Government for the working people. Under the current NPS system, employees have to contribute 10 percent of their basic salary and the government contributes 14 percent. Investments made by government employees in NPS are made in government equity and debt. Employees covered under the old pension scheme are paid 50 percent of their last salary as fixed pension after retirement.