Moneycontrol PRO
HomeNewsPoliticsConsidering restoration of old pension scheme: Punjab CM Bhagwant Mann

Considering restoration of old pension scheme: Punjab CM Bhagwant Mann

Restoration of the old pension scheme, which was discontinued in 2004, has been one of the major demands of the state government employees.

September 19, 2022 / 13:26 IST

Punjab Chief Minister Bhagwant Mann on Monday said his government is considering restoring the old pension scheme for government employees.

Restoration of the old pension scheme, which was discontinued in 2004, has been one of the major demands of the state government employees.

"My government is considering reverting to the Old Pension System (OPS). I have asked my chief secretary to study the feasibility and modalities of its implementation. We stand committed to the welfare of our employees," Mann said on Twitter.

In August last year, Aam Aadmi Party leader and incumbent Finance Minister Harpal Singh Cheema had promised to restore the old pension system if the party was voted to power in Punjab.

Punjab Civil Secretariat Staff Association chairman Sukhchain Singh Khaira welcomed the chief minister's announcement and said the state government employees have been struggling to get the old pension system restored.

PTI
first published: Sep 19, 2022 01:26 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347