Chief Secretary to move 5-member panel on OPS

Chief Secretary to move 5-member panel on OPS

Tribune Information Service

Chandigarh, January 27

Taking a step in the direction of implementation of the previous pension scheme, the Punjab Authorities has constituted a five-member committee headed by Chief Secretary Vijay Kumar Janjua to formulate the usual working procedures (SOP) for the aim.

A notification to the impact has been issued right now by the Finance Division. The opposite members of the committee embrace Extra Chief Secretary KAP Sinha, Finance Secretary AK Sinha, Mission Director of Nationwide Well being Mission Abhinav Trikha and Director (Finance) of Punjab State Energy Company Restricted.

It’s learnt that this committee will determine on the roll out of the scheme, its monetary implications and the supply for getting enough funds to implement it. As soon as the committee arrives at a consensus and makes the SOP, it’ll give its suggestions to a Cupboard Sub-Committee constituted for the aim.

The Outdated Pension Scheme is predicted to profit 1.75 lakh workers, who joined service after April 2004. Round 4,000 workers retiring in 5 years may even profit from this scheme.

It might be talked about that the choice to revert from the Nationwide Pension Scheme to the Outdated Pension Scheme was taken by the AAP authorities in October final yr. Nonetheless, workers have been edgy over the scheme roll-out, as an in depth notification for a similar and the SOPs weren’t introduced. The workers have been demanding amendments to the Civil Providers Guidelines and written particulars of the pension coverage, even after a notification saying that the state had reverted to the OPS was issued in November. A serious problem that the state authorities faces is the refusal of the Centre to return Rs 17,000 crore, which is the collected share of Punjab’s contribution to PFRDA below the NPS.

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