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Himachal government restored old pension scheme

Vivid News 24: The Old Pension Scheme (OPS) has been fully reinstated for Himachal Pradesh government employees under the Sukhvinder Singh Sukhu administration. By what the Congress pledged in its election campaign, the administration granted the long-standing request of the workers on Friday during its first Cabinet meeting.

Additionally, the Congress government gave in-principle approval to its two other key election promises: providing a monthly allowance of Rs. 1,500 to women between the ages of 18 and 60 and creating one lakh new jobs annually. In addition, the government established Cabinet subcommittees to determine the specifics of their implementation. Within a month, these committees will deliver their reports to the Cabinet.

In our first Cabinet meeting, we committed to restoring OPS, and we have followed through on that promise. The OPS is currently in place and operational. According to Chief Minister Sukhvinder Singh Sukhu, the announcement would be made today or tomorrow.

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A total of 1.36 lakh state employees who are covered by the New Pension Scheme will gain from the decision. Himachal has now reinstated the Old Pension Scheme, making it the third state governed by Congress to do so.

The major obstacle to restoring OPS was the state’s dismal financial standing and its enormous debt of almost Rs 75,000 crore. However, we pushed forward since OPS is about more than just financial advantages; it’s also about the employees’ social stability and self-respect, according to Sukhu.

Sukhu claimed that the previous BJP administration had given them an employee responsibility of about Rs 11,000 crore and had accused them of increasing the debt burden to Rs 75,000 crore. “The current government is liable for pension liabilities totaling Rs 5,226 crore and wage arrears to the employees totaling Rs 4,430 crore.

Additionally, the former administration left liabilities totaling about Rs 1,000 crore as DA of employees and pensioners. In this way, the previous administration added to the debt and left the state exchequer with a total financial burden of nearly Rs 11,000 crore, he said.

Despite all the difficulties, he continued, the state government opted to provide NPS personnel with the old pension plan to secure their quality of life in retirement.

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Vishnu Soni
Vishnu Soni
I am working at NewsMarkets24 Network for the last several years, I learn a lot of things here like News editing, News writing, and how to manage my team to maintain our goals. My job does not only give me experience but also helps to shape my person for success.
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