All posts tagged: Old Pension Scheme

Bharat Bandh LIVE: Trade unions take to streets across States amid nationwide strike against Centre’s ‘anti-worker’ policies

Bharat Bandh LIVE: Trade unions take to streets across States amid nationwide strike against Centre’s ‘anti-worker’ policies

Published by Parlour News

Members of various trade unions hit the streets in parts of Jharkhand during the ‘Bharat Bandh’ on Thursday (February 12, 2026). Banking, insurance and coal sectors have been affected by the strike, Bank of India (BOI) Employees’ Union State deputy general secretary Umesh Das said. Left parties and the Congress have also extended their support to the strike. “The new labour codes have reduced job security, weakened legal safeguards and increased employers’ freedom to hire, adversely affecting the rights and interests of workers,” state Congress general secretary Rakesh Sinha said. CPI(ML)L State secretary Manoj Bhakt alleged that the four labour codes were “a direct attack on the rights of the working class”. “The laws are a conspiracy to render workers helpless in the hands of corporate houses and capitalists. The real objective of these labour codes is to eliminate permanent employment, promote contract jobs, and increase working hours,” he claimed. — PTI Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For …

Tamil Nadu’s new pension scheme broadly follows the guidelines of Old Pension Scheme

Tamil Nadu’s new pension scheme broadly follows the guidelines of Old Pension Scheme

Published by Parlour News

Pension under the Tamil Nadu Assured Pension Scheme will be based on 50% of the pay drawn in the last month of service, whereas it is 50% of the average of the last 12 months’ basic pay under the Unified Pension Scheme. | Photo Credit: Getty Images/iStockphoto The Tamil Nadu Assured Pension Scheme (TAPS), which is virtually a replica of the Old Pension Scheme (OPS), is also an improved version of the Unified Pension Scheme (UPS). Except for the monthly individual contribution and pension revision at the time of constitution of every pay commission, the proposed pension scheme follows the broad guidelines of the OPS. One of the key features of the OPS is death-cum-retirement gratuity (DCRG). For instance, in the event of death in harness of those whose length of service is 20 years or more, gratuity not exceeding ₹25 lakh will be paid. This aspect has been included in the TAPS. As in the case of the OPS, family pension will be equivalent to 60% of the pension. Inflation indexation will also be …

Employees, pensioners warn to intensify agitation if demands not met, stage protest in Dharamshala

Employees, pensioners warn to intensify agitation if demands not met, stage protest in Dharamshala

Published by Parlour News

Dharamshala Nov 28 Protesting employees and pensioners of Himachal Pradesh on Friday warned the state government of intensifying their agitation if their demands are not met. Employees, pensioners warn to intensify agitation if demands not met, stage protest in Dharamshala A large number of state employees and pensioners, led by national senior vice president of the Indian state pensioners federation Ghanshyam Sharma, staged a protest at the Dharamshala Police Ground on Friday, voicing sharp criticism of the Sukhu government’s policies. Their demands include immediate decisions on pending Dearness Allowance, salaries, pension payments, medical bill clearance, reinstatement of Himcare benefits, and OPS commitments. Representatives of various employee and pensioner organisations participated in the demonstration, accusing the government of “failing” to fulfil promises, pushing the state into “financial disorder” and taking decisions detrimental to employees. Addressing the rally, Sharma said the government had sought the support of employees and pensioners by assuring the timely disbursal of Old Pension Scheme benefits, salaries, pensions, DA and medical reimbursements. “However, even after three years in power, most of these assurances …

Relief for Himachal employees: CM announces pension boost for class-4 employees

Relief for Himachal employees: CM announces pension boost for class-4 employees

Published by Parlour News

The Himachal Pradesh government has announced that Class-IV workers regularised after May 15, 2003, will receive one year of regular service benefit for every five years of daily wage service, for the purpose of pension calculation. HP Chief Minister Sukhvinder Singh Sukhu announced that these employees will have the chance to opt for the Old Pension Scheme. (ANI) Chief minister Sukhvinder Singh Sukhu, while chairing a high-level meeting in Shimla on Saturday, said the new provision will allow employees to count one year of regular service for every five years of daily wage service, up to a maximum of two years. “This move will particularly benefit those Class-IV employees who were previously deprived of pension benefits at the time of their retirement due to having less than ten years of regular service,” he said. Also Read | Tourism in Himachal faces growing risks from extreme weather events: Report Under the new rule, workers with at least ten years of daily wage service will gain two additional years of qualifying service under the Central Civil Services …

T.N. constitutes committee to study old, contributory and unified pension schemes and submit report

T.N. constitutes committee to study old, contributory and unified pension schemes and submit report

Published by Parlour News

The Tamil Nadu government has constituted a three-member committee to study the Old Pension Scheme, Contributory Pension Scheme and the Unified Pension Scheme and submit a detailed report with recommendations within nine months. IAS officer Gagandeep Singh Bedi, former Director of Madras School of Economics K.R. Shanmugam are members of the Committee. IAS officer Pratik Tayal would be the Member Secretary of the panel, an official release said. The CPS was introduced for State government employees, who joined service on April 1, 2003. The National Pension System was introduced for employees of the Union government from January 1, 2004. However, the CPS was followed for the State government employees. There have been representations from the State government employees to resume the Old Pension Scheme that was followed before April 1, 2003. Whileso, the Union government introduced the Unified Pension Scheme on January 24 this year. Reacting to the development, Frederic Engels, State coordinator of CPS Abolition Movement, said it was a “betrayal” by the DMK government and was only a time-buying tactic, as only a …

Maharashtra govt announces revised New Pension Scheme for state staff | Mumbai News

Published by Parlour News

In a bid to lure state government employees demanding the old pension scheme’s (OPS) reinstatement, Chief Minister Eknath Shinde, on the budget’ session’s last day Friday, announced the revised National Pension Scheme (NPS) in the Maharashtra Assembly, where market linked risks in the NPS will be borne by the government. As per the new scheme, employees will have the option to get pension of 50 per cent based on their last drawn salary and Dearness Allowance (DA). In addition, employees can get a family pension of 60 per cent of their pension and DA. This will be applicable to state government employees who joined service after November 1, 2005. Friday’s announcement will be optional for those already under the NPS. This will be a one time option and employees have to opt within the next six months if they choose to remain under the old NPS or the revised one. In February, the state government had issued an order awarding OPS to 26,000 government employees who were chosen before November 2005. Currently, the government has …

Railway Unions Threaten to Stop All Trains from May 1 if Old Pension Scheme Not Implemented

Published by Webster

Published By: Pragati Pal Last Updated: March 01, 2024, 00:11 IST A press note issued by JFROPS said, All the constituent organisations are therefore requested to take appropriate action and to make all sorts of preparations for serving upon the strike notice to their respective Administrations in a befitting manner. (Representational Image) Shiv Gopal Mishra, who is also General Secretary of All India Railwaymen’s Federation, added, Representatives of various federations under JFROPS have jointly consented that we will officially serve a notice to the Railway Ministry on March 19 Several unions of railway employees and workers, who have come together under the Joint Forum For Restoration of Old Pension Scheme (JFROPS), have threatened to stop all train services across the country from May 1 if their demand to implement the Old Pension Scheme is not met. The government is completely non-committal to our demand for the restoration of the Defined Guaranteed Old Pension Scheme’ in place of New Pension Scheme’. Now, there is no alternative left but to resort to direct action, Shiv Gopal Mishra, …

‘They might have an opinion but…’: Gehlot on economists criticising OPS | Latest News India

Published by Webster

Rajasthan chief minister Ashok Gehlot again on Sunday defended Congress’s plan to restore old pension scheme saying the nation was on the path of development for 60 years even when it was in effect. He said the intellectuals and economists “fielded” by the government might have an opinion but “what’s the reality?” “Employees who served for 35 yrs believe they will get a pension after retirement…Nation developed for 60 years when OPS was in effect. What’s the problem now?” Gehlot told media persons in Jaipur. #WATCH | On OPS, Raj CM says, “Govt’s fielding intellectuals/economists. They might’ve an opinion. But what’s the reality? Employees who served for 35 yrs believe they’ll get a pension after retirement…Nation developed for 60 yrs when OPS was in effect. What’s the problem now?” pic.twitter.com/M12Y6hbCAm — ANI MP/CG/Rajasthan (@ANI_MP_CG_RJ) January 8, 2023 The debate over the old pension scheme vs the new pension scheme intensified after former Planning Commission deputy chairman Montek Singh Ahluwalia recently termed the move by opposition-ruled state governments to bring back the OPS an “absurd idea” …

‘India developed with OPS…’: Ashok Gehlot responds to Montek Ahluwalia’s remarks | Latest News India

Published by Webster

Employees cannot participate in ‘good governance’ completely if they work under a constant stress of not getting pension after their retirement, Rajasthan chief minister Ashok Gehlot said on Saturday. Responding to remarks made by economist Montek Singh Ahluwalia on going back to the old pension scheme (OPS), the chief minister said India developed for 60 years with the scheme and employees are entitled to feel secured after completing around 35 years of their service. Read: AAP promises OPS after wining Karnataka elections “If pension is not paid to employees, they will wonder how to earn money for the entire 35 years of their service to secure themselves after retirement. This way, they will work under pressure and won’t be able to participate in good governance completely,” Gehlot said. #WATCH | On Montek Singh Ahluwalia’s “absurd move” & “recipe for financial bankruptcy” remark for Old Pension Scheme,Rajasthan CM Ashok Gehlot says, “If the country can have OPS for 60 yrs&retire an employee with pension,can’t a serving employee has the right to feel secure too?” pic.twitter.com/VWx7Rh7ENR — …