The government announced the New Pension Scheme some time ago, which will be implemented from April 2025. It is now being reported that the government could take some very important decisions regarding this matter in the coming New Year after the opposition to it. Although there is no official confirmation from the government, employee organizations express hope for it.
In fact, recently a meeting was held by the Railway Organization, in which the President and Divisional Secretary of the organization called the old pension necessary for the government employees. There are many demands presented to the government and a lot of letters written to the government regarding the same issue and numerous claims made in favor of their argument. Now they are in a position to think that the government will accept their demand.
Old pension scheme a long-standing demand.
It is important to note that this demand-of the government employees-on the implementation of the old pension scheme has been going on for a long time now. The government gave both the options that is New Pension Scheme UPS and Old Pension Scheme for the employees. Government employees may opt for any of the schemes.
New Pension Scheme scheme will be effective from 1 April 2025.
In fact, the New Pension Scheme Scheme will be effective from 1 April 2025 and will charge 23 lakh central government employees. PM Modi has termed UPS beneficial for the employees. Unified pension scheme (UPS) has been brought after the recommendations of T.V. Somanathan Committee.
Maharashtra is the first state to implement UPS.
Central government employees can choose between UPS and Old Pension Scheme (OPS). In addition, current OPS members can also migrate to UPS. Various state governments will now also have the power of deciding whether to follow. Maharashtra has become the first state to implement the Unified Pension Scheme (UPS).
