The Old Pension Scheme debate continues in 2023, with critics highlighting fiscal risks, while proponents argue for fairness in compensations and potential economic stimulus through salary adjustments.
Old Pension Scheme Latest News
As per the Old Pension Scheme Latest News, State Employees Federation President Afif Saddiqui said that employees are being motivated to join the movement through awareness rallies across the state. In the conference organized at Sahakaritha Bhawan, Senior Vice President of the Joint Struggle Steering Committee, Vinay Kumar Singh said that an open letter will be issued to the MPs from October 30 to November 2 for the restoration of the Old Pension Scheme.
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After the implementation of the old pension scheme in Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh, discussions about the restoration of the old pension scheme have once again intensified in the country before the upcoming Lok Sabha elections.
Old Pension Scheme Latest News Overview
|Scheme||Old Pension Scheme|
|Authority||Central Government of India|
|Beneficiary||Employees of the Central Government|
|Amount||125000 per month (Maximum)|
|Current Status||Replaced By the National Pension System (NSP|
Old Pension Scheme Latest News Supreme Court Judgement
A division bench of High Court judges Justice Vivek Singh Thakur and Justice Bipin Chandra Negi while hearing a petition, said that pension is a social security scheme in view of the socio-economic requirements of the Constitution which provides assistance for the period of retirement.
The High Court bench passed the order after hearing the petition filed by a petitioner named Roop Lal. The High Court has issued an order to the state government to give all the pension benefits within a month according to the Supreme Court judgement on the old Pension Scheme. A new update has come out regarding the restoration of the old pension scheme in the state.
Old Pension Scheme Latest News Today
All India State Government Employees Federation will hold a mega rally in Delhi on November 3 in support of many demands including the restoration of old pensions. National Vice President of the federation, Kamlesh Mishra said that if the government does not caution even after the Maharally, the employees will be forced to make tough decisions.
The matter of restoration of old pensions is not coming to a halt. Officials of the Uttar Pradesh State Employees Federation and Joint Struggle Steering Committee (S-4) have announced a phased agitation from October 30 and will hold a demonstration for three days at Ramlila Maidan in Delhi.
Old Pension Scheme Latest News for Central Government Employees
The pension belongs to the employees, who are a very large voter class. Political parties are using it as a weapon to woe. Now a fresh debate has erupted regarding the old pension scheme. The old pension scheme was discontinued on 1 April 2004 and replaced by the National Pension System.
It is claimed that in the new scheme, employees get very less benefits as compared to the old scheme. Their future is not secure because of this. The tax has to be paid on the money received after retirement.
FAQs related to Old Pension Scheme Latest News
What is the current status of the old Pension Scheme?
The Old Pension Scheme was replaced by the National Pension System by the central government.
What is the Supreme Court Judgement on the Old Pension Scheme?
As per the high court judgement, the old Pension Scheme is provided to paramilitary forces.
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