Old Pension Scheme Latest News:- Get up-to-date information about the most recent Old Pension Scheme news in this post. The workers of the central government are getting ready to protest the reinstatement of OPS in Ramlila Maidan in Delhi once more.
Starting on October 30, members of the Joint Struggle Steering Committee (S-4) and the Uttar Pradesh State Employees Federation intend to stage a staged agitation and hold three numbers. has declared that it will demonstrate in Delhi’s Ramlila Maidan.
Old Pension Scheme Latest News 2024
State Employees Federation President Afif Saddiqui stated that awareness rallies held around the state are inspiring workers to join the cause, according to the Old Pension Scheme Latest News. Senior Vice President of the Joint Struggle Steering Committee Vinay Kumar Singh announced during the meeting held at Sahakaritha Bhawan that a letter requesting the reinstatement of the Old Pension Scheme would be sent to Members of Parliament between October 30 and November 2.
Before the next Lok Sabha elections, talks on bringing back the previous pension plan have picked up steam in the nation following its implementation in Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh.
Old Pension Scheme Latest News Details
|Old Pension Scheme
|Central Government of India
|125000 per month (Maximum)
|Replaced By National Pension System (NSP
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Old Pension Scheme Latest News Supreme Court Judgement
During a petition hearing, a division bench of High Court justices, Justices Vivek Singh Thakur and Bipin Chandra Negi, stated that pensions are a form of social security that provide support during retirement, taking into account the socio-economic parameters outlined in the Constitution.
After considering the plea submitted by Roop Lal, the petitioner, the High Court panel issued the order. In accordance with the Supreme Court’s decision regarding the Old Pension Scheme Latest News, the High Court has ordered the state government to provide all pension payouts within a month. Regarding the state’s decision to reinstate the previous pension plan, there has been a fresh development.
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Old Pension Scheme Latest News Today
On November 3, the All India State Government Employees Federation will stage a massive demonstration in Delhi to promote a number of objectives, one of which is the reinstatement of previous pensions. Employees would have to make difficult choices if the government does not exercise caution, according to Kamlesh Mishra, National Vice President of the Federation.
The issue of former pensions being restored is not going away. The Joint Struggle Steering Committee (S-4) and the Uttar Pradesh State Employees Federation have announced a phased agitation that will begin on October 30 and a three-day demonstration at Delhi’s Ramlila Maidan.
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Old Pension Scheme Latest News for Central Government Employees
The employees, who make up a sizable voting class, own the pension. It’s being used by political parties as a weapon of sorrow. A new discussion over the previous pension plan has emerged. On April 1, 2004, the National Pension System took its place, superseding the previous pension plan.
It is said that employees receive much fewer benefits under the new plan than under the previous one. This means that their future is not secure. On the money obtained after retirement, taxes must be paid.
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Old Pension Scheme implemented in these states
Old pension scheme in India: It has recently come to light that the central and state government employee organisations are starting to stand together in support of the Old Pension Scheme, or OPS, as a demand. States including Jharkhand, Rajasthan, West Bengal, and Chhattisgarh are eligible for the Old Pension Yojana. These groups are demanding that the Old Pension Scheme Latest News be a major campaign issue in the upcoming elections.
In addition to these states, Madhya Pradesh is experiencing significant protests in opposition to the previous pension plan. It is evident that MP governments have ties to these groups as well. Although no official statement has been made, it is anticipated that the government will reinstate the Old Pension Scheme in its entirety for its workers. Consequently, this has greatly infuriated the staff officers of every state department.
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Impact of Pension Scheme on Indian Economy
We will now talk about the effects of the Pension Scheme on the Indian economy, how it is making things worse financially, and the opinions of economists on these topics. Economists have stressed the importance of the pension plan and warn against bringing back the previous pension plan as it could cause problems for the individual. The states’ financial burden would rise as a result of the outdate pension plan.
The Punjab government has announce that it will reinstate the old pension plan for its employees. As we have already mention in our discussion of the numerous attempts underway to do so. Following Punjab, Rajasthan, and Chhattisgarh, this proposal will make the state the third to be cover by the Old Pension Scheme Latest News. Speaking with specialists, they claim that the taxpayers’ burden and obligation will rise if this system is reintroduce. It appears that some labour unions are supporting the Old Pension Scheme (OPS) over the National Pension Scheme (NPS).
Old Pension Scheme Latest News 2024 FAQ’S
What is new pension scheme 2024?
The National Pension System allows tax exemption on the contribution made towards the scheme up to the maximum limit of Rs. 1.5 lakh under section 80C of the Income Tax Act. Moreover, in the NPS scheme, the contribution made by the employer and the employee are both applicable for the tax exemption.
What is the current status of old pension scheme?
The old pension scheme was discontinue on 1 April 2004 and replace by the National Pension System. It is claim that in the new scheme, employees get very less benefits as compare to the old scheme. Their future is not secure because of this. The tax has to be paid on the money receive after retirement.
What is the old pension scheme in the army?
It is a define contribution pension system, which was introduce in 2004 and applies to all new entrants to the Central Government service, including Defence personnel, who join on or after January 1, 2004. Defence personnel who join the service before January 1, 2004, are cover under the old pension scheme.