Big news for government officials from Haryana, now the benefit of the integrated pension fund will be available; OPS will not apply - Haryana Govt to implement United Pension Fund and not old pension

The Haryana government has made it clear that the Integrated Pension Scheme (UPS) will be implemented for the state employees, not the Old Pension Scheme (OPS). After 25 years of service in UPS, 50% of the average basic salary will be available as pension. The government rejected the pressure of employee organizations. State Bureau, Chandigarh. The Haryana government will offer the benefit of uniform pension fund to its employees. The central government has implemented this scheme. Public servants organizations under pressure from the government to implement the old pension fund (OPS) in place of an integrated pension scheme. The Haryana government clearly refused to accept the pressure of these employee organizations and suggested implementing the integrated pension fund in the budget. What is an integrated pension fund? The Integrated Pension Scheme (Pension Scheme-ups) guarantees certain pension payment. This will replace the National Pension System (NPS). Employees in UPS get 50% of their average basic salary after 25 years of service. Under the Purush Pension Scheme (OPS), 50 percent of the final salary is generally received to get the employees as a pension. In addition, pension was also changed according to inflation. This has been an important matter for government officials since the Old Pension Fund (OPS) ended in 2003. In 2004, the central government brought the new pension fund (NPS), which was strongly opposed by employee organizations. Now the government has brought the Integrated Pension Scheme (UPS), which supports many employees the organizations, while some organizations are in protest. How else is the formula to correct pension in both UPS and OPS -integrated pension funds and an old pension fund. Pension in OPs is 50 percent of the final salary (original supply allowance), while the pension in UPS is 50 percent of the average basic salary of the past 12 months. OPs do not contribute an employee, while UPS has a proceedings to reduce a 10 percent contribution. OPs are usually revised twice according to the grant of pension, but pension in UPS is accompanied by inflation relief (consumer price index). The Haryana government will clearly announce the UPS that Haryana government is implementing that it will implement UPS (Integrated Pension Fund) instead of OPS for its government employees. Under this scheme, at least 10 thousand rupees per month payout and 30 percent family payout are given. Both of these benefits will be available to the civil servants after the minimum service of ten years. Retired employees will take full advantage of the payout after 25 years of service. It is alleged that the benefit of this scheme gets about two and a quarter of Lakh employees serving the state. Haryana dealers also made Baycott-difficult attacks on the Turki economy; The sales of these goods have closed at stores, every big news from your city, now on your phone. Download the most reliable companion of Local News Afjagran Local App.