Jaipur : With the change of energy within the state, there’s confusion among the many staff concerning OPS i.e. Old Pension Scheme and NPS i.e. New Pension Scheme. Employee organizations have been constantly demanding the federal government to make clear its intentions on OPS. However, the state authorities has not but clarified its intention concerning this. Meanwhile, a round issued by the Finance Department has given nice reduction to these staff who’ve withdrawn some cash from the quantity deposited in NPS. According to the round of the Finance Department, the requirement of instantly depositing again the withdrawn cash has been eliminated for these staff who had withdrawn NPS cash until now. Till now, those that have withdrawn cash from NPS have been given time until retirement. This order of Bhajanlal authorities has introduced nice reduction to the worker organizations. This determination is being seen as a course to proceed implementing OPS sooner or later.
This order was issued: According to the round of the Finance Department, the requirement of instantly depositing again the withdrawn cash has been eliminated for these staff who had withdrawn NPS cash until now. Till now, those that have withdrawn cash from NPS have been given time until retirement. According to the Finance Department, the cash of those that have withdrawn cash from NPS until now can be calculated and adjusted as per the principles. However, there’s a provision to cost curiosity equal to GPF from them. The earlier Gehlot authorities had applied the system of giving OPS as a substitute of NPS to the federal government staff appointed on January 1, 2004 and after. After the implementation of OPS, deductions from officers and staff stopped. In NPS, 10 p.c of the worker’s cash was deducted and the federal government deposited the identical quantity. Its cash was deposited in PFRDA, funds value Rs 39 thousand crores are deposited in PFRDA. After the implementation of OPS, Rajasthan authorities requested for the cash again from PFRDA, however the group refused. However, many staff withdrew the cash deposited in NPS beneath this. Later the federal government banned this and likewise warned to not give OPS with out depositing the cash again, however later gave some rest. Now the Finance Department has issued a recent round and given reduction to these withdrawing NPS cash.
Circular issued by Finance Department (ETV Bharat)
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Indications for not closing OPS: Employee organizations expressed happiness over this order issued by the Finance Department. He mentioned that from this order it has been made clear that these staff who had withdrawn 25% of their complete quantity deposited in NPS prematurely and had not deposited it but, can be exempted from depositing it and it will likely be adjusted on their retirement. It has been determined to take action. State President of All Rajasthan State Employees Joint Federation, Gajendra Singh Rathore mentioned that until now the federal government has not expressed its clear opinion on the previous pension, however this determination of the federal government is welcome. From this it seems that the federal government will proceed the previous pension as it’s. State General Secretary of Rajasthan State Employees Union Devendra Singh Naruka mentioned that this may profit 1000’s of staff who weren’t in a position to deposit the quantity resulting from some causes. Now the federal government has additionally made it clear that after at the moment, if anybody withdraws advance quantity from NPS, he won’t be thought of eligible for the previous pension.
