There is good news for the employees. On one hand, they will get the benefit of Guaranteed Pension Scheme similar to the old pension scheme. With this, the way for regularization of contract employees was also cleared. An important announcement was also made by the government for retired employees. For which the proposal has been approved.
Employees GPS: Many important decisions have been taken for the employees. Guaranteed pension scheme has been approved in the cabinet meeting. Along with this, the proposal for regularization of employees has also been agreed upon. Which will benefit lakhs of employees.
Under the Guaranteed Pension Scheme, 50% of the last drawn salary will be provided to the employees as pension on retirement during their service period. The proposal for this has been approved by the Andhra Government in the cabinet meeting. Chief Minister Jagan Mohan Reddy has informed the Cabinet that the state administration will start functioning from Visakhapatnam on Dussehra.
Resolve to provide benefits of Arogya Shree Scheme also
Along with this, in the cabinet meeting, under the government scheme, fee reimbursement scheme for the children of retired government employees has also been implemented, while it has also been resolved to provide the benefits of Arogya Shri Yojana to the retired government employees and their families.
Decision to start guaranteed pension scheme
The Jagan Mohan Reddy government had decided to launch a Guaranteed Pension Scheme in place of the existing Contributory Pension Scheme. This has come as a big relief for the state government employees in Andhra Pradesh. For this, approval has been given in the cabinet to give pension to employees and pensioners under GPS at 50% of their last drawn salary instead of 20.3 percent of their basic salary. Will be available as. The same GPS is similar to the old pension scheme. Under which 50% of the salary drawn will be provided to the employees as pension.
Regularization proposal also approved
Apart from this, the proposal for regularization of contract employees has also been approved by the Andhra Government. Along with this, big benefits will soon be given to the contractual employees in Andhra Pradesh. Along with this, by regularizing them, a big increase in DA-pension etc. amount and salary will be recorded for them.
