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State to Assess Unified Pension Scheme
Hindustan Times Chandigarh
|January 31, 2025
Panel Formed to Draft SOP for Implementation of OPS Will Study the New Scheme Notified by the Union Govt Last Week
CHANDIGARH: Days after the central government notified the Unified Pension Scheme (UPS) for its 23 lakh-odd employees, the Punjab government has decided to study the scheme to see if it can be implemented for the state government employees who joined service after January 1, 2004.
The state government took the decision to examine the new scheme amid mounting pressure from government employees to fulfil its pre-poll promise of reverting to the Old Pension Scheme (OPS) from the National Pension Scheme (NPS).
A high-level committee constituted to draft the standard operating procedure for the implementation of the OPS, will be asked to study the new scheme which was notified by the Union finance ministry last week, a senior functionary of the state government told HT.
This story is from the January 31, 2025 edition of Hindustan Times Chandigarh.
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