The Rajasthan government presented the budget (Rajasthan budget 2022) on Wednesday. It has also announced to restore the old pension scheme. Explain that this has also become a big issue in the UP Assembly elections. Now in Budget 2022, Chief Minister Ashok Gehlot has given a big gift to the employees. It has announced to restore the old pension scheme. As before, pensions have been announced for personnel appointed on and after January 1, 2004.
CM Gehlot also informed about this by tweeting. He wrote, “We all know that government employees should feel secure towards the future only then they can make their invaluable contribution for good governance during their tenure. Therefore, I announce the implementation of the pension scheme before next year for all the personnel appointed on and after January 1, 2004. ‘
Learn about Old Pension Scheme Benefits Tax and investment expert Balwant Jain explains that before 2004, those who joined a government job got a defined pension after retirement. This pension did not depend on the basis of his period of service but on the salary of the employee at the time of retirement. Under this scheme, after the death of a retired employee, his family members also got the benefit of a pension facility.
NPS system since 2004
From 2004, those who join government jobs (excluding the Armed Forces) receive a pension under the NPS Scheme. The government contributes 14% to this scheme. On the other hand, employees also contribute and at the time of retirement a corpus is created in the name of the employee and after retirement, he has to buy an annuity from that corpus. Under this annuity, one gets a pension every month.
The issue was raised in the UP elections
The issue of the old pension scheme was raised during the UP election campaign. Samajwadi Party national president Akhilesh Yadav had meanwhile made a big announcement. He had said that if a Samajwadi Party government is formed in Uttar Pradesh, then the old pension scheme will be restored. This will benefit millions of state government employees who have been agitating for this for a long time.