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The Hindu
The Hindu
National
Vikas Vasudeva

Punjab govt. employees await implementation of old pension scheme

Pritam Singh (58) was elated as were other employees last November when the Aam Aadmi Party (AAP) government in Punjab issued a notification to restore the old pension scheme (OPS).

Almost a year later, their joy has now been replaced by anxiety and apprehension as the government is yet to release Standard Operating Procedures (SOPs) pursuant to the OPS notification.

Currently, those who joined the service after January 1, 2004 are covered under the National Pension System (NPS), which requires employees to make a contribution towards their pension fund. In the OPS, the entire amount is borne by the government, and this was discontinued with effect from April 1, 2004.

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