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Old Pension Scheme: Good news for the employees, the government issued a resolution letter, will get the benefit of ‘old pension scheme’, terms and conditions fixed

There is good news for teachers including employees. Resolution letter has been issued by the government. Now teacher employees will also be given the benefit of the old pension scheme.

Employees, Employees OPS: Teachers including employees of the state will now get the benefit of the old pension scheme. For this, a resolution letter has been issued by the order of the Governor. Along with this, the pension discrepancy has also been removed. Please tell that the proposal has been approved by the Council of Ministers in the meeting on 11 August 2023. After which now the employees including teachers will be given the benefit of the old pension scheme.

Resolution letter issued by the order of the Governor

Jharkhand Government employees whose appointment has been completed before December 1, 2004 but their appointment is after December 1, 2004. A resolution letter has been issued by the order of the Governor regarding amendment in the applicability of his old pension scheme.

Pension and Family Pension Welfare Department, Government of India, in the light of 17 February 2020, under the resolution of the Finance Department on 1 August 2022, employees whose appointment and final results have been declared before 1 December 2004, but due to administrative reasons, their appointment will be held on 1 December 2004 onwards, they have been given the option to join the old pension scheme.

They will get the benefit of OPS

It may be mentioned that the final results for many employees were declared before December 1, 2004, but the government servants appointed after administrative reasons, police verification and medical examination etc. were appointed after December 1, 2004. After which he was thrown out of the old pension scheme. Now they will also get the benefit of this scheme.

According to the Office Memorandum dated March 3, 2023, by the Department of Pension and Family Pension Welfare, Government of India, the employees who were appointed in the light of the recruitment order before the date of notification related to the implementation of the new contribution pension scheme, will be given a one-time option. Provision has also been made for refund of amount deposited in NPS account to allow old pension scheme.

Under the Office Memorandum issued by the Finance Department of the State Government on December 9, 2004, on December 1, 2004, the Government Employees Contributory Pension Scheme 2004 was compulsorily implemented on the government servants appointed thereafter. It has been conditionally abolished by the resolution of 5 September 2022. Such employees will also get the benefit of old pension scheme.

Set terms and conditions

By the way, the state government employees, whose appointment has been done in the light of recruitment advertisement appointment order issued before December 1, 2004. The proposal to refund the amount deposited in his NPS account by not allowing the old pension scheme to him was placed before the State Government for consideration. On which an important decision has now been taken. Under this decision, only those employees who fulfill these conditions will be brought under the purview of the old pension scheme. Subject to the following conditions:

  • Whose appointment has been made on or after December 1, 2004 by the appointment order of the recruitment advertisement issued before December 1, 2004.
  • The same employees who fulfill this condition will have to apply to their appointment authority department before 31 October 2022 using the option once. It will be reviewed by the department after an appointment authority. After this necessary orders will definitely be issued before December 31, 2023.
  • Along with this, the amount deposited in PRAN will be refunded under the provisions of 4 February 2015 on the order of Provident Fund Directorate. However, the amount deposited by the holder along with the dividend will be credited to his provident fund account and the amount of contribution given by the government to the account of the state government.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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