Old Pension Scheme: Big news is in store for governmental employees in terms of the announcement regarding the old pension scheme. The government employees who were waiting for this great news have been informed that the government is planning to make an important announcement about the old pension scheme soon. This move will secure the future of government employees financially. Below we share all that we have got regarding the old pension scheme.
What is Old Pension Scheme?
Old Pension Scheme was a guaranteed pension scheme under which government employees used to receive a fixed amount of pension after retirement, as informing you, that on 01 April 2004, this old pension scheme was discontinued by the government and adopted New Pension Scheme (NPS), which is still in operation. And the old pension scheme is discontinued by the government. Since then, there has been a lot of opposition from the employees against the due course of the old pension scheme and there have been demands to restore the scheme. However, the government has not made any decision on this, and hence the matter still continues in court.
For your information, recent headlines come to know that the old pension scheme has been widely discussionised in the cabinet meeting recently, and soon the government is coming up with a big announcement on this and gifting to all the government employees.
When Old Pension Scheme will be Implemented?
You are curious to know when this old pension scheme shall be come into existence; we tell you that now the center and state governments r seriously thinking about implementing this scheme because all of y’all must be knowing that many states have implemented it, but still many of state employee and central employees are not benefitting from it. Heard from reliable sources, many experts said that it seems likely that the old pension scheme will come to effect starting next year because assembly elections are going to be held in many states in the beginning of next year.
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