Old Pension Changed Rules: Big change in pension scheme, see full details here
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Central government on old pension: There is great news for pensioners across the country. At present, a big war is going on in many states regarding the old pension scheme. At present, the government has now considered the option of the old pension scheme.
There is great news for pensioners across the country. At present, a big war is going on in many states regarding the old pension scheme. The Old Pension Scheme (OPS) has been implemented in many states.
At the same time, there is a war in many states regarding its implementation. At present, the government is now eyeing the option of the old pension scheme, which is going to benefit lakhs of people of the country. Now the central government employees will not have to worry about pension at all and you will get more benefits.
Changes will be made in the pension scheme
On behalf of the central government, it has been said to give benefits equal to the old pension scheme to the employees. Planning has been done by the government regarding this. The government is now considering bringing many provisions in the new pension scheme, which will give huge benefits to the employees.
The government is considering a minimum guarantee scheme, amidst all this many states have refused to implement the new pension scheme. According to media reports, now the central government is planning a minimum guarantee scheme in the new pension scheme. This will provide additional benefits to the pensioners. Along with this, it is considering giving more than 14 percent contribution, which will affect the government exchequer.
You can also go for annuity option, it may be possible to invest more in annuity to increase the pension. Currently 40% of the total fund is invested in annuity, which gives a pension of about 35% of the previous salary. However, being linked to the market does not guarantee the same.
What are the advantages of old pension scheme?
Talking about the benefits of the old pension scheme, its biggest advantage is that it is made on the basis of the last drawn salary. Apart from this, as the inflation rate increases, DA also increases. Even when the government implements the new pay commission, it increases the pension.
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