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CG Cabinet Decides to Provide Benefits Under Old Pension Scheme

Story Highlights
  • CG to follow old pension scheme to release funds.
  • Beneficiary will have to submit a notarized affidavit mentioning to take benefits as per old pension scheme.
  • The affidavit will be irrevocable.

RAIPUR: At a cabinet meeting at his residence on Friday, CM Bhupesh Baghel announced providing the benefits of the old pension scheme despite the fact that central government’s refusal.

Baghel in this order said-“The decision has been taken despite central government’s refusal to refund the amount of National Pension System (NPS) to the officers and employees of the state.”

Under the declaration by Bhupesh Baghel, state government employees will be considered members of the Chhattisgarh General Provident Fund from April 1, 2022, and the employee contribution deposited in the NPS account from November 1, 2004, or after that to March 31, 2022, and the dividend earned thereon, will be payable to the government employee under the NPS rules.

In order to avail the benefits of the scheme, the govt employees will have to submit a notarized affidavit mentioning their desire to continue under the NPS or receive the benefits of the old pension scheme. It should be borne in mind that the declaration will be final and irrevocable. Following this, the share deposited by the govt in the NPS account from November 1, 2004, to March 31, 2022, and the dividends thereon will be deposited in the government’s account if the government employee opts for the old pension scheme.

The state government employees appointed on and after April 1, 2022, will compulsorily be members of the old pension scheme.

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