Showing posts with label New pension scheme. Show all posts
Showing posts with label New pension scheme. Show all posts

GOVERNMENT IS RESPONSIBLE TO PROTECT DIFFERENCE OF OPINION BETWEEN THE OLD PENSION SCHEME AND THE NEW PENSION SCHEME, REQUIRED TO SECURE INTERESTS OF EMPLOYEES &GOVERNMENT.

All political parties are assuring benefits of Old pension scheme to the government employees of their state however the ruling party is silent on the captioned subject matter deliberation required to be decided by the Government of India department of personnel and the Finance. The issue of old pension scheme has been closed since 2004 onwards however the new pension scheme is also issued by the government to employees on the basis of analysis on the tenure and the amount of annuity a contribution by an employee prefixed for the entire service period. As such the Centre Government has ruled out any return to the old pension scheme despite demand and reversal in some of the states, with several ruled by the opposition parties taking this decision at their own however under old pension scheme there is no employees contribution for which the government is mandating New pension scheme for the employees onwards 2004 . At the same time it is too necessary to make satisfactory pension under the new pension scheme for which the ruling party is responsible to bring some formula based on the reasonable calculation of New pension scheme for which there should be no huge difference between the Old pension scheme and the new pension scheme announced by some of the state governments in favor of their employees, otherwise it may result bad concern among the government employees over not getting the reasonable bonanza of the New pension scheme however the good retirement benefits could only be obtained after full length of the service tenure by an individual for which the government is planning merger of the entire service career under amount of the annuity contribution by option of the employee since creating funds for the pensionary benefits and based on the New pension scheme applicable with effect from January 2004 .

STANDARD OPERATING PROCEDURE FOR THE IMPLEMENTATION OF OLD PENSIONARY BENEFITS AND CONTRIBUTION TO THE NEW PENSION SCHEME GENERATED BY THE GOVERNMENT EMPLOYEES AND CREATED DEADLOCK IN THE DISCUSSION BY GOVT OF THE RAJASTHAN.

Standard operating procedure required for the implementation of the Old pension scheme in opposition states like Punjab , Rajsthan and the Himachal Pradesh giving ex post facto approval to the committe of the officers required to be constituted by the government and the department of Finance.In the case of the Himachal Pradesh the government has issued empowerment to the department of Finance however the government of Punjab has issued its decision during the last November regarding to implement the orders of the OPS for all employees who are covered under the defined contributory pensionary scheme .The funds generated by the government employees in this behalf are invested in the stock markets and the employees are not in favour of the New pension scheme as per the confirmation from the Punjab government made in this behalf of the nod to panel on the SOPs required for the old pension scheme.As such the cabinet has already approved the captioned subject matter deliberation required to be maintained by the government however it will now be taken to the Vidhan sabha for further course of action and discussion. The government of Himachal Pradesh has also revealed the policy matter from the system generated by the Punjab and doing the needful. At the same time the government of India has refused to return the money paid under the scheme however the Punjab and the Himachal Pradesh governments are regularly making the payments of contribution to the centre government but the government of the Rajsthan has stopped the contributory payments to centre and leading to the deadlock situation and it is necessary to take pending issue and matter with the government of India regarding to change the policy matter deliberation as the employees are demanding their pensionary benefits after their retirement from the service rendered.

THE GOVERNMENT OF INDIA AND THE STATE GOVERNMENT MUST DECIDE PENDING ISSUE OF PENSIONARY BENEFITS ADMISSIBLE TO THE GOVERNMENT EMPLOYEES .

The old pension scheme demanded by the state government employees and withheld/stopped by the government onwards 2003 and promising the new pension system for the welfare of employees has no standard schematic programme and plan for the required reasonable distribution assessment and increase for the future course of action and disbursement,list by way and virtue of which the principal secretary of the government of Punjab department of finance has issued a notification to pursue the case file of new pension system into the old pension scheme in due course of time on 18-11-2022 with procedure laid down under law code manual prefixed by the appropriate government and authority in this behalf however yet there is no proper notification of the required documents and provision made by the cabinet of the state government of Punjab for which the Employees of the Himachal Pradesh government too struggling on the captioned subject matter deliberation required to be verified under law code manual prefixed by the government of India in this behalf and all related files are lying pending with the government of India and the state governments since long and appropriate government is not in position to decide the issue of old pension scheme and the new pension system applicable onwards 2003 to the proposal made by the state governments and now it is too necessary to protect the fundamental rights of the Employees of the government and take necessary advise of the Department of Personnel government of India and the finance regulation system maintained by the Procedure and compliance under provision made and created for the welfare of society and circle demanding free and fair justice from the system of governance since 2003 however facing problems due to unusual practice of delay in deciding the cases of old pension scheme converted into the new pension system onwards 2003 for which the government of India and the state governments must decide pending files of the withheld/stopped pensionary benefits of the Employees at an earliest possible to streamline the process as well as provision created for the new pension system and required to be verified after 2003 of the claims and the provison of the systematic review and re-examine of the pending cases lying pending with the government since the long.

GOVERNMENT MUST DECIDE FORMER CASES OF OPS CONVERTED INTO THE NPS WITH REASONABLE PRICE RISE AND THE EVALUATION CONCLUDED FOR THE FUTURE REHABILITATION OF THE LIFE SECURITY AND SERVICE RENDERED BY THE INDIVIDUALS.

New pension Scheme means new life circle and style required to deal with the circumstances evolving in the present scenario of the time schedule updated by the government responsible to protect the fundamental rights of the Citizens of Country .As such in the present scenario and conditions of the financial development created by the study of protocol mentioned in the political conclusion of the pensionary benefits the Haryana government has increased new pensions contribution to 14 percent instead of the ten percent for which the government will have to bear the financial implications for the welfare of their employees as well as the people taking benefits of the new pension Scheme onwards 2003 .As such it has become need of the time and hour to increase the growth of the financial implications created by the government in this behalf failing which it is not possible to go ahead with the provision made and created for the welfare of common man demanding their pensionary benefits from the system of governance .As such the government is creating awareness drive about the future problems of the financial implications and exchequer for which the private sector employees too responsible to protect their fundamental rights of the pension Scheme and do the needful in the interest of the their future service and security for which they must do the needful under law code manual prefixed by the government in this behalf failing which they may not have access to the various schemes created by the government for future security and safety of the employees working in the private sector however the government employees are secured for the new pension Scheme since 2003 onwards and too fighting for their future service and security with the government .

NEW PENSION SCHEME SHOULD BE MADE REASONABLE IN SEMBLANCE TO THE SERVICE OF ISOLATED BENEFICIARIES AS REQUIRED FOR APPROVAL FROM THE GOI ( DEPARTMENT OF FINANCE)

Neither the working class of government employees nor the retirees are satisfied with the present performance of their redressal of grievances for which they are blaming the set up of the government functionaries responsible to consider their demands and issue benefits of the government servants, which includes the pensionary benefits as well as the pay revision benefits time to time revised and issued by the government of India as well as the state governments. It is very clear from the system of governance and charter of public accountability maintained by the study of protocol mentioned in the pay revision as well as other pattern standard of the pensionary benefits that disparity if any existing in the emoluments given to the government employees could not be justified in semblance to the provisos of grant and benefits to classes of the whom they are obtaining the access of said benefits .It is very strange to point out that new pension scheme issued for the employees after 2003 could not be declared reasonable if compared with the isolated beneficiaries for which genuine and reasonable formulae must be brought to the notice of Department of the Finance from where the issue and matter required to be verified and approved more so it is also brought to the notice of Department of the Finance by the Parliamentary standing committee  to verify the facts and figures related to the present scenario of the dearness allowances and issue benefits of new pension scheme to present incumbents demanding their pensionary benefits however issue and matter still pending with the department of the Finance govt of India New Delhi as per the RTI information given by the department of personnel and training (DOPT).