7th Pay Commission: Most of the government employees have been campaigning to restore the old pension system (OPS) since the implementation of the National Pension System in the year 2004, about 17 years ago.
Now the central government has given a very good news for the employees. Actually, the Modi government has decided to give the benefit of Old Pension Scheme to the employees coming under the National Pension Scheme.Also Read:Honda launches its new e-scooter, know its special features and price
Union Minister of State Dr. Jitendra Singh says that after the order of the High Court in this matter, it is being implemented. This will benefit those employees who were appointed after 31/12/2003. These employees will be given the option to choose OPS. That is, they can choose the option of old pension.
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Central employees had filed a petition in the Delhi High Court. The court hearing the petition said that the advertisement for the job was issued in 2003 and the selection process ended in February 2004. Therefore, the court does not agree with the decision to implement the new pension scheme on the employees. This delay is on the part of the government. They should have got the benefit of that time when the advertisement was brought out in 2003. After this, the court ordered to give the benefit of the old pension scheme under the Central Civil Services (Pension) Rules, 1972.Also Read:Invest money in these 8 schemes of Post Office, you will get double in less time
Union Minister of State Jitendra Singh says that the Finance Ministry had started NPS for central government employees on the notification of December 22, 2003. NPS is mandatory for all new appointments (except Armed Forces) to the Central Government service with effect from January 1, 2004.
However, after the decision of the court, the government decided to implement it completely. Thereby such Government servants who were declared successful for recruitment to the vacancies arising before 01.01.2004 in the results declared on 31.12.2003 and posted in service on or after 01.01.2004 are covered under NPS. . They can once again be given the option of old pension.Also Read:Why is term insurance important, when to buy and how to decide your cover, understand the matter of work
