Revised pension to employees; The proposal in the state cabinet meeting today

Mumbai: The state government has taken serious note of the warnings given by the government and semi-government employees to go on an indefinite strike from August 29 to demand the implementation of the revised National Pension Scheme. Accordingly, sources informed that the revised National Pension Scheme for the employees-officers appointed on and after November 1, 2005 in the state will be sealed in the cabinet meeting on Sunday and the government decision will be issued immediately after that. The implementation was announced by Chief Minister Eknath Shinde in the budget session of the legislature. But the government decision in this regard was not issued. Therefore, in the run-up to the assembly elections, the state government and semi-government officers-employee unions had warned to go on an indefinite strike from August 29 for the implementation of the revised National Pension Scheme. Sir, on the other hand, saying that the central government is also thinking about the new pension scheme, the government had kept the proposal pending for the last few months. But now in the run up to the assembly elections, fearing that the displeasure of the employees will become a problem for the government in the elections, the grand coalition government has started activities regarding the new pension scheme. According to this, the proposal to implement the revised ‘Retirement Scheme’, which will provide 50 percent of the basic salary to the state government employees after retirement, will be presented before the cabinet on Sunday. The number of employees for whom the pension system is applicable is 8 lakh 27 thousand. 52 thousand 689 crores have been spent on the old pension scheme through the government. At the same time, the government’s share under the National Pension System is Rs 7,686 crore. Apart from this, the total expenditure on wages is 1 lakh 27 thousand 544 crores.*Employee option* The employees will have to agree within six months to accept the option of this revised scheme. Employees who will retire in December 2024 will have to give this option in one month. 10 percent of the employees participating in the national scheme and 14 percent participation of the government will continue and those who have not yet accepted the national pension system or have not paid their contribution will have to pay this amount with 10 percent interest in one year. More than eight and a half lakh officers and employees who were appointed on and after November 2005 will be able to get the benefits of this scheme. ● According to this scheme, 50 percent of the last basic salary and dearness allowance will be given to the retired officers or employees on the lines of Andhra Pradesh. ● After the employees, their families will get 60% pension, dearness allowance.