State President of All Rajasthan State Employees Federation Integrated, Gajendra Singh (ETV BHARAT JAIPUR)
Jaipur : Amidst the agitation of staff for the previous pension scheme within the nation for a very long time, the Modi authorities on the middle has determined to implement the brand new pension scheme Integrated Pension Scheme (UPS). After this resolution of the central authorities, now the worker organizations in Rajasthan have began opposing it. Along with this, the train to place stress on the state staff for not implementing it has intensified. Akhil Rajasthan State Employees Federation Integrated has opposed the choice of the central authorities and warned the Bhajan Lal authorities to not think about implementing this resolution in Rajasthan, in any other case it should face the opposition of 8 lakh staff. The staff demand that the previous pension scheme must be stored in pressure within the state.
If UPS is applied then there can be agitation: State President of Akhil Rajasthan State Employees Federation Integrated, Gajendra Singh mentioned that the Central Government has applied UPS rather than the brand new pension scheme, and the demand from the Central Government is that this resolution shouldn’t be imposed on the states. The case of central staff is completely different, however the previous pension scheme can’t be in contrast with UPS. In such a state of affairs, the Federation calls for on behalf of the workers of Rajasthan that the state authorities mustn’t come beneath the stress of the Center. If the previous pension scheme which is relevant for the workers of the state is tampered with or if proposals for pension scheme on the strains of UPS are introduced in Rajasthan, then the workers of Rajasthan will stand towards it and protest.
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Rathore mentioned that we wish the central authorities to additionally carry the previous pension scheme and never the UPS. If the federal government has to take any resolution within the curiosity of the workers, then it may be carried out solely by implementing the previous pension scheme. Apart from this, any resolution, whether or not of the central authorities or the state authorities, is not going to be accepted by the workers of Rajasthan.
What is UPS: Let us let you know that on twenty fourth August, the Modi authorities of the Center had introduced to provide pension to authorities staff beneath the Unified Pension Scheme. With this resolution, not solely railway staff, however 23 central staff will get the good thing about UPS. This additionally contains eight lakh railway staff. Along with this, the state authorities can even implement this scheme. In this, the central authorities staff can be given the choice to decide on between NPS and UPS. The staff who select the central authorities’s NPS may also be given the choice to change to UPS.
The intention of this scheme is to repair a set pension quantity for presidency staff after retirement. Under UPS, staff can be given a minimal pension after retirement, which can be based mostly on their years of service and their common wage. This scheme is linked to dearness allowance, that’s, as inflation will increase, the pension quantity may also enhance. The authorities’s contribution in UPS can be 18.5%, which is greater than NPS’s 14%.
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A take a look at the Old Pension Scheme: Old Pension Scheme, also called OPS B, was an previous system. In this, staff used to get a set pension based mostly on their final wage. In this scheme, staff weren’t required to make any type of contribution, which put a higher monetary burden on the federal government. In OPS, staff used to get 50% of their final fundamental wage + dearness allowance as pension. Apart from this, beneath OPS, staff additionally obtained the good thing about the rise in dearness allowance after retirement as a rise in pension, however in 2004, the then central authorities closed this OPS and applied NPS New Pension Scheme, which was applied by roughly all of the states.
What is National Pension System: The New Pension Scheme is named NPS. It is an investment-based pension scheme by which each the worker and the federal government contribute. The pension quantity relies on the efficiency of the funds invested out there, i.e. there is no such thing as a mounted pension in it. The authorities’s contribution in NPS is 14% and that of the worker is 10%. Tax exemption advantages are additionally out there on this scheme. Such as tax exemption as much as Rs 2 lakh and tax exemption on withdrawal of 60% of the quantity. The earlier Gehlot authorities in Rajasthan had discontinued NPS and re-implemented the Old Pension Scheme OPS, however with the change of presidency, the workers concern that the brand new authorities of the state could tamper with OPS. Especially when there’s a BJP authorities on the Center and a BJP authorities within the state as properly. In such a state of affairs, the state authorities can implement the choice of the central authorities.
Difference between UPS, OPS and NPS
Pension Guarantee: In each UPS and OPS, a set pension is given, whereas in NPS the pension quantity relies on the efficiency of the market.
Contribution : There was no contribution in OPS, whereas in UPS and NPS, there may be contribution from each the worker and the federal government. The authorities’s contribution in UPS is eighteen.5%, which is greater than NPS’s 14%.
Dearness Relief : In each OPS and UPS, the pension will increase in keeping with dearness allowance, whereas this facility isn’t out there in NPS.
Tax exemption: There are many advantages of tax exemption in NPS, whereas nothing has been clarified but about tax exemption in UPS.
