State Government OPS(old pension Scheme) Dispute
Central Government Refuses to Return Pension Scheme Funds
The Government of India has refused to return crores of rupees under the New Pension System to states which have implemented the Old Pension Scheme (OPS). Union Finance Minister Nirmala Sitharaman has announced that the state governments should announce the restoration of old pensions (OPS) on the basis of their finances, and the states doing so will have to make financial arrangements for implementing OPS at their own level.
States Take Action Against Central Government’s Decision
Lakhs of employees of Himachal Pradesh, Chhattisgarh, and Rajasthan, including Punjab, have been affected by the decision of the Finance Minister. While the governments of Rajasthan, Chhattisgarh, and Himachal Pradesh have restored the OPS to their employees, the Rajasthan Government has announced that it will approach the Supreme Court against this decision of the Government of India.
FAQ
What is the bad news for the states that have implemented the OPS scheme?
Refusal of money return under the NPS scheme by the Government of India.
Which finance minister refused to return the money to the states?
Nirmala Sitharaman
Which states have been affected by this announcement?
Himachal Pradesh, Chhattisgarh, Rajasthan, and Punjab.
What did Sitharaman suggest the state governments do?
Announce the restoration of old pensions based on their finances and make financial arrangements for implementing OPS at their own level.
Which states have restored the old pension scheme to their employees?
Punjab, Rajasthan, Chhattisgarh, and Himachal Pradesh.
What action will the Rajasthan Government take?
Approach the Supreme Court against the decision of the Government of India.
