Old Pension Scheme Re-Implemented in Five Indian States
The Old Pension Scheme (OPS) has been restarted in five states – Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh – for state government employees.
The Old Pension Scheme (OPS) has been restarted in five states – Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh – for state government employees.
Regarding the dearness relief payable for the period of February 2023 to July 2023 for surviving pre 1.1.1986 retirees of banks and surviving spouses of pre 1.1.86 retirees who are in receipt of ex-gratia.
The government of Tripura has announced the release of a further installment of Dearness Relief @ 12% over the basic pension/basic family pension.
DOP&PW receives grievances from Pensioners regarding the functioning of the Pension Disbursing Banks and the same are assigned to Department of Financial Services the concerned Department, for appropriate resolution
In future, the pension would be re-fixed every 5 years. Approx. Rs 57,000 crore has been spent @Rs 7,123 crore per year in eight years in the implementation of OROP