Old Pension Scheme: The Congress government in Himachal Pradesh on Friday decided to implement the Old Pension Scheme (OPS) from April 1, the Government said in an official statement.
The cabinet meeting, led by chief minister Sukhvinder Singh Sukhu gave assurance to implement OPS in the state. This would put a burden of RS 1,000 crore on state expenditure, the official statement said.
Apart from OPS State’s cabinet gave nod to repeal Himachal Pradesh Loktantra Prahari Samman Adhiniyam, 2021 and Himachal Pradesh Loktantra Prahari Samman Niyam, 2022, These two schemes would provide a monthly pension of Rs 11,000 per month to persons who were lodged in Jail during Emergency.
As per the statement issued by the HP Government, the Cabinet not only took a historic decision to implement the old pension scheme but decided to bring state employees under the ambit of the General Provident Fund (GPF).
“The state’s Government employees, who have retired after May 15, 2003, will be eligible for OPS. The decision would leave a burden of Rs 1,000 crore on the state exchequer in the 2023-24 Financial year,” the Government said.
The congress had promised in their poll manifesto that they would implement the old pension scheme if voted to power.
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