Government employees will have fun at the cost of common people due to the return of old pension! D Subbarao

Old Pension Scheme: Former RBI governor D Subbarao has given a big statement regarding the old pension scheme. He said that the decision of some states to restart the old pension scheme would be a retrograde step. With its implementation, the government employees will directly get the benefit of the general public’s money.

The RBI governor said that due to the implementation of the old pension scheme, some part of the common people’s income will be given to the government employees, while most of the common people do not have any special social security. The benefit of the old pension scheme will be given to the government employees from the simple language tax money.

Fixed amount is received every month under old pension

Under OPS, a fixed pension is given to the employees. An employee is entitled to receive 50 per cent of his last pay drawn as pension. The NDA government had decided to close OPS from April 1, 2004.

old pension scheme will put pressure on the exchequer

Subbarao said that implementing the old pension scheme will also put pressure on the state and country’s exchequer. At the same time, under the new pension scheme, employees contribute 10 percent of their salary, while the government contributes 14 percent.

Budget will be less from school to roads

Subbarao further said that there is no social security for the general public, but government employees get privileges under the old pension. Subbarao said that if the state governments revert to the old pension scheme, the burden of pension will fall on the existing revenue. In such a situation, less budget will be available for schools, hospitals, roads and irrigation.

Announcement to start OPS in these states

The governments of Rajasthan, Chhattisgarh and Jharkhand have decided to restart OPS for their employees. He has informed about this to the Central Government and the Pension Fund Regulatory and Development Authority (PFRDA). Apart from this, Punjab, Jharkhand and Himachal Pradesh have also taken steps to return to OPS.

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