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Monday, 20 July 2020

Feasibility report on old pension scheme sought

Pradeep Sharma

Tribune News Service

Chandigarh, July 19

The state has asked different departments to examine the feasibility of the restoration of the old pension scheme for over 1.4 lakh government employees, who joined the service after January 1, 2006.

Apparently under pressure from the Sarv Karamchari Sangh (SKS), the BJP-JJP government has stated seeking detailed reports from different departments over the financial implications of the old pension scheme.

A senior functionary of the state government informed The Tribune that the Chief Secretary's Office had sought reports from the departments on the "draft proposal" sent by the SKS to the state government in the wake of Chief Minister Manohar Lal Khattar's videoconferencing with the trade unions recently.

Subhash Lamba, SKS president, said the sangh had sent the "draft proposal" on the old pension scheme to the state last month following which the government had again started deliberating on its implementation.

Lamba said the state government's contribution of 10 per cent of the monthly salary of post-January 2006 employees, under thenew pension scheme amounted to Rs 680.40 crore per annum. Since this amount is ploughed into the financial market, it was basically aimed at benefitting big corporates.

On the other hand, the restoration of the old pension scheme is a win-win situation for both the state government and the employees, Lamba said, adding that it was heartening to note that its implementation was again back on the agenda of the government.

from The Tribune

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