Rajasthan NPS-OPS: There is a dilemma among the many authorities workers of Rajasthan relating to the National Pension Scheme (NPS) and Old Pension Scheme (OPS) as to what choice the Rajasthan authorities will take. However, the Bhajanlal authorities of Rajasthan has given large aid to the workers of the state earlier than Diwali. At the identical time, after this choice, it’s also being stated that there’s each risk that the federal government is not going to abolish OPS. This is as a result of a letter has been issued by the Finance Department on Friday (October 4).
Actually, the Rajasthan authorities has stated that the state workers who’ve withdrawn cash beneath NPS. They is not going to need to deposit that cash at current. The quantity withdrawn will likely be adjusted throughout retirement. After this order of the federal government, it’s being stated that there’s a higher risk of OPS being carried out in Rajasthan.
What did the Finance Department say within the letter
In the round issued by the Rajasthan Finance Department, it has been stated that the workers who had been appointed on or after January 1, 2004 and had withdrawn the quantity beneath NPS. They are given flexibility to deposit their withdrawn quantity (i.e. there’s a ban on depositing the quantity). This quantity will likely be calculated and adjusted as per guidelines on the time of retirement.
It can also be made clear that even after the difficulty of this round, if the personnel appointed on or after January 1, 2004, apply for withdrawal of quantity beneath NPS, then the involved personnel will likely be required to adjust to the Rajasthan Civil Service (Pension) Rules, Will not be thought-about eligible beneath 1996 and won’t get the advantage of the previous pension scheme.
After this choice of the federal government, it’s being stated that the Rajasthan authorities has given an enormous sign relating to the implementation of OPS. In such a state of affairs, OPS can stay restored within the state.
Also learn: Rajasthan CM Delhi Visit: Rajasthan CM Bhajan Lal met BJP President JP Nadda, mentioned these points for 1 hour
