Earlier, the retired employees who wished to opt for OPS were required to deposit only the employer’s contribution withdrawn after retirement with an interest of 12%. It included all bodies under NPS (New Pension Scheme), CPF and EPF, the order had stated.
“We want, instead of depositing the money now, the amount to be deducted at the time of retirement. We can give a written declaration in this regard. The employees don’t have so much money in hand to deposit it in the government’s pension fund. Our second demand is the state government should take liability of all the state-funded universities. These universities are not like corporations and boards which have a source of income. The funds of these universities are getting exhausted and are not able to give pension,” said Laxman Sain, president, Rajasthan University Retired Employees’ Association. “We have submitted a memorandum to chief minister Ashok Gehlot in this regard,” he said.
The state’s finance department had on April 20 issued an order to implement the OPS for the employees working in boards, corporations, autonomous, semi-autonomous bodies and universities (set up on or after January 1, 2004).
In a fresh order issued on June 17, the finance department extended the deadline for opting for OPS till July 15.
