Big change in the lives of people in three years, new doors of livelihood opened: Chief Minister Bhupesh Baghel

According to the announcement made by Chief Minister Bhupesh Baghel, the old pension scheme has been restored from November 01, 2004 in place of the new contributory pension scheme by the state government. A notification to this effect has been published by the state government in the Chhattisgarh Gazette on 11 May 2022. It is worth mentioning that the Chief Minister, while presenting the state government’s budget for the year 2022-23 in the Vidhan Sabha on March 9, had announced the restoration of the old pension scheme for the government officers and employees of the state government. According to the notification, the deduction of 10 percent monthly contribution from the salary of government servants under the New Contributory Pension Scheme will end from April 1, 2022 and as per the General Provident Fund rule, a minimum of 12 percent of the basic salary (emoluments) will be deducted. Chhattisgarh General Provident Fund account of all government servants appointed under the new contributory pension scheme, in place of the Accountant General’s office, under the control of the Finance Department, with the Directorate, Treasury, Accounts and Pension (till the establishment of the new Directorate, Pension and Provident Fund). . A separate Directorate, Pension and Provident Fund will be set up for the maintenance of Chhattisgarh General Provident Fund account and to take all the action related to pension. The amount of government contribution received from NSDL and interest earned thereon will be kept in a separate fund under Public Account for payment of future pensionary liabilities and every year, an amount equal to 4 percent of the previous year’s pensionary liabilities will be invested in the pension fund. The principal amount deposited by the Government servants’ contribution will be transferred to the Chhattisgarh General Provident Fund account and interest will be paid on it from November 01, 2004 under the Chhattisgarh General Provident Fund Rules, as per the instructions on the rate of interest issued by the State Government from time to time. Will be done. According to the old pension scheme, in the cases of retired, deceased employees from November 1, 2004, between the date of implementation of the old pension scheme, benefits will be payable to the eligible government servants, families as per rules. For such government servants, who have received retirement benefits after retirement in the new contributory pension scheme or in cases of death of a government servant, in such cases, guidelines have been issued to determine the benefit according to the old pension scheme. Will go Detailed guidelines regarding account maintenance, regulation and procedure under the scheme will be issued separately. In place of the new contributory pension scheme, the execution of all the works related to the restoration of the old pension scheme and other ancillary action will be done by the Finance Department. Like this:Like Loading… Continue Reading