7th pay commission latest news today: On Old Pension Scheme, Delhi leads; Will BJP-ruled states end NPS?

| November 27, 2018

7th Pay Commission latest news: The New Pension Scheme (NPS) has resulted in a face-off between several state governments and their employees. The employees have been demanding the restoration of the Old Pension Scheme (OPS). While the protest has gained momentum in Uttar Pradesh, the employees of Andhra Pradesh and Tamil Nadu have also been waiting for a positive response from their respective government. Meanwhile, the Delhi government has promised to repeal NPS and planned to urge other friendly states to do the same. Will this put a pressure on BJP-ruled states to announce the end of NPS? Check the latest development on this issue here:

Delhi CM Arvind Kejriwal has said that the state cabinet will pass a resolution to restore the old pension scheme as demanded by the employees. CM said the resolution will be passed in a special session of the Legislative Assembly. (IANS)

CM Arvind Kejriwal said that he will also write to his counterparts in states like West Bengal, Kerala, Andhra Pradesh and Karnataka, where non-BJP parties are ruling, to restore OPS. If this happens, it will put pressure on BJP-ruled states like Uttar Pradesh too to restore the OPS. (Agencies)

The chief minister said that the government employees have the power to change the government of the country. “I want to warn the Centre, if the demand of employees is not accepted in three months, there will be an apocalypse in 2019,” said Kejriwal. (Reuters)

Delhi CM Kejriwal slammed the new pension scheme as ‘betrayal and cheating’ with government employees and urged the Centre to bring back the old pension scheme. (Reuters)

The new pension scheme does not have provision to provide monthly monetary allowances to the dependents after the death of the pensioner.

Also, under the NPS, 10% contribution is taken from the employee’s basic salary and dearness allowance. Under the scheme, a new account was opened for investment in the equity market. Therefore, the pension amount depends on the returns from the investment in the equity market. (PTI)

Source:- ZEE BIZ

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