Modi Government on OPS: For the last few months, a lot of politics is happening in the country on the old pension scheme. Opposition parties are continuously engaged in besieging the Modi government at the Center on this issue. At the same time, the governments of some opposition states have also implemented this scheme. The Central Government gave complete information in the Parliament regarding how many states have implemented the old pension scheme so far.
The Finance Ministry told the Lok Sabha on Monday (February 6) that the governments of five states – Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh – have informed the Center about their decision to re-implement the old pension scheme. In a written reply to a question in the Lok Sabha, Minister of State for Finance Bhagwat Karad said, “As per the RBI report ‘State Finances: A Study of Budget of 2022-23’, the annual savings in fiscal resources that are repatriated to the old pension scheme , is short-lived.”
Five states started OPS
Karad, minister of state for finance, said, “By postponing current spending to the future, states run the risk of accumulating unfunded pension liabilities in the coming years.” He informed, “These five states have informed the central government/Pension Fund Regulatory and Development Authority (PFRDA) about their decision to revive the old pension scheme (OPS) for their state government employees.”
Central government will not implement OPS
Minister of State for Finance Karad said that many states have issued notifications at their level to implement the Old Pension Scheme (OPS). In his reply, he has clearly refused to implement the ‘old pension scheme’. He said in his written reply that the government has no idea of implementing the old pension scheme. He said, “The government wants to make it clear that there is no provision for refund of NPS money.”
Owaisi had asked a question on OPS
AIMIM Chief Asaduddin Owaisi had questioned the restoration of the old pension scheme by the state governments in the Lok Sabha. He had asked whether these governments have demanded the return of the National Pension Scheme (NPS) money? He asked the government to clarify its position on this and asked whether the government is considering implementing the old pension scheme in the near future?
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