THE GOVERNMENT OF INDIA STUDYING THE MODEL OF GUARANTEED PENSION SCHEME ON THE PATTERN OF ANDHRA PRADESH.

The government of India and the state governments are responsible to regenerate the model of the Guaranteed pension scheme in favor of their Employees however it is necessary to contribute defined minimum amount of the provident fund by the Employees as per model of the Andhra Pradesh government. The old pension scheme has been demanded by the Employees of the state's however the government is not in position to follow this much hike after its denial to the Employees onwards 2003 for which the opposition ruling states , Rajsthan, Chhattisgarh, Jharkhand,punjab and the Himachal Pradesh have announced their restoration to bring OPS and now the government is studying the regeneration contribution of the OPS for which the Loksabha have been told by the Minister of state for Finance that the annual saving in fiscal resources that reversion to the fact of old pension scheme entails short lived as there is a risk of the accumulation of the unfunded pension liabilities required to be maintained by the states for the future course of action plan for which it is necessary to regenerate the system of defined pension and reversion to the old pension scheme after twenty years however the government continues to strike a note of the caution .The BJD Member of Parliament Bhartuhari  Mahtab was asking the question of debt if the government restores the old pension scheme to the Employees of the states .As per the report of the Reserve Bank of India, a study of budget of 2022-23 ,the annual saving in fiscal resources and reversion to the old pension scheme entails short lived and it is necessary to regenerate the funds required to pay for the unfunded pension liabilities in the near future .