Rajasthan Old pension scheme 2022 : OPS and NPS, Rajasthan Budget

Rajasthan Old pension scheme 2022 : Rajasthan honorable chief minister Shri Ashok Gahlot announced he is going to reinstate The Rajasthan Old pension scheme 2022. He made a statement that all functionaries will be provided the old pension scheme benefit who were appointed on or after 1st january 2004 in Rajasthan. Rajasthan Chief Minister honorable sri Ashok Gahlot announced this announcement during his budget speech  to give the profit of old pension scheme 2022 to all functionaries who were appointed on or after 1st january 2004.

Rajasthan Old pension scheme 2022

It is so lucky day in Rajasthan that after a long time old pension scheme is become reinstate. Rajasthan chief minister Shri Ashok Gahlot presented the budget of the session 2022-23.This time budget is very special, because in Rajasthan agriculture budget is presenting differently. Rajasthan Vidhan Sabha. Vidhansabha began to echoes with thunderous applause when CM Shri Ashok Gahlot announced the old pension scheme. By this decision of old pension scheme the government will have to bear extra lodgement of 100 crores. Seventh salary committee announced for deprived functionary.

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New Pension Scheme Rajsthan 2022

Old pension scheme 2022 OPS : In Rajasthan old pension scheme has reinstated by hon’ble chief minister Sri Ashok Gahlot. Here we want to tell you that CM Ashok Gahlot announced that old pension scheme will be again reinstated. The appointed functionary who appoint before 1 january 2004 they were received old pension scheme benefit but after 1 january 2004 the old scheme benefit finished.

In state there will be 10000 new home guards recruited. There will be 20 % increasement in honorarium of the honorarium worker. For without acceptable journalist insurance granted of 50 lacs. For old pension scheme Govind Singh Dotasara gave thanks to CM Sri Ashok gahlot by tweet.

Rajasthan Old pension scheme 2022 Overview

DepartmentEmployees provident fund organization Rajasthan
StateRajasthan
Chief MinisterSri Ashok Gahlot
Session2022
BenificialAll government worker
Old pension scheme stop from when1st january 2004
Burden on the government for old pension scheme100 crore
Passed byVoice vote
SchemeOld pension scheme reinstate
OPS abbreviationOld Pension system
NPS abbreviationNational Pension System
Official websitenpscra.nsdl.co.in

Rajasthan Old pension scheme
Rajasthan Old pension scheme

Rajasthan old pension scheme 2022 OPS vs NPS  

◆OPS(Old Pension System)

  • In the old pension scheme, a retired worker is given half of the full payment as a pension.
  • In the old pension scheme there is no amount cut for pension.
  • In the old pension scheme payment was done by the government Treasury.
  • In the old pension scheme there is 20 lacs rs.as gratuity.
  • After the death of a retired worker, his family gets a pension.
  • In the old pension scheme D.A. is provided.
  • In the old pension scheme GPF was provided.

◆NPS(New Pension System)

  • In New Pension System there is 10 % cut of basic salary +DA
  • In the new pension there is no provision of 6 month DA.
  • NPS is based on the share market. So this is not completely safe.
  • In the new pension system there is no definite pension guarantee.
  • NPS is based on the share market ,so there is a provision of tax.
  • In the New pension Scheme after retirement you have to share 40% of the NPS fund to get a pension.

FAQ about Rajasthan old pension scheme 2022

Que.1 What is OPS and NPS?

Ans. OPS stands for Old Pension System while NPS stands for National pension system.

Que.2 who launched OPS again and Where?

Ans. Rajasthan hon’ble Chief Minister Sri Ashok Gahlot launched the old pension system again by voice vote for the Rajasthan government worker welfare.

Que.3 Since when was the old pension system closed?

Ans. The old pension system was closed from 1st January 2004.

Que. 4 How much extra burden will be on the Rajasthan government by the reinstatement of the Old pension system?

Ans. There is nearly 100 crore extra burden will be on rajasthan government by this old pension scheme reinstatement

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About Atul 1527 Articles
Atul was born in Ahmedabad. He began writing in 2021, and has contributed to the educational and finance content. He lives in Ahmedabad.

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