JAIPUR: The state’s finance department on Thursday issued an order to implement the old pension scheme (OPS) for the employees working in boards, corporations, autonomous, semi-autonomous bodies and universities (set up on or after January 1, 2004), an order issued by the department said.
It also includes all such bodies which were under NPS (new pension scheme), CPF and EPF, the order stated.
“The contributions will be done as per pattern of the universities (12% each of employer’s share and employee’s share). The employer’s share will go to the pension fund and employee’s share will go to the GPF fund,” said a finance department official. “The retired employees, who wish to opt for OPS, are required to deposit only the employer’s share withdrawn after retirement with an interest of 12 per cent,” the official added.
New Pension Scheme Employees’ Federation of Rajasthan (NPSEFR) has welcomed this decision of the state government. Earlier, the government employees, who retired before April 1, 2022, had demanded that they be allowed to deposit only the government’s share withdrawn after retirement under the National Pension Scheme (NPS), on a similar pattern as Chhattisgarh, in order to get the benefits of Old Pension Scheme (OPS). OPS was restored in Rajasthan with effect from April 1, 2022.
It also includes all such bodies which were under NPS (new pension scheme), CPF and EPF, the order stated.
“The contributions will be done as per pattern of the universities (12% each of employer’s share and employee’s share). The employer’s share will go to the pension fund and employee’s share will go to the GPF fund,” said a finance department official. “The retired employees, who wish to opt for OPS, are required to deposit only the employer’s share withdrawn after retirement with an interest of 12 per cent,” the official added.
New Pension Scheme Employees’ Federation of Rajasthan (NPSEFR) has welcomed this decision of the state government. Earlier, the government employees, who retired before April 1, 2022, had demanded that they be allowed to deposit only the government’s share withdrawn after retirement under the National Pension Scheme (NPS), on a similar pattern as Chhattisgarh, in order to get the benefits of Old Pension Scheme (OPS). OPS was restored in Rajasthan with effect from April 1, 2022.
