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Government’s big announcement on old pension! Deduction from salary of NPS employees stopped from April 1, salary will increase

Responding to the ongoing debate on the Appropriation Bill, CM Gehlot said on Monday that the employees would get the increased money from April 1. Now on eliminating this deduction, the employee will get increased money from 2000 to 10 thousand rupees per month. 

New Delhi: Rajasthan CM Ashok Gehlot has made a big announcement regarding pension. The government has announced to end deduction from the salary of NPS employees from April 1. In fact, earlier, under the New Pension Scheme (NPS), there was a deduction of 10 percent every month from the basic salary of the employees recruited from January 2004, which has been abolished from the next month. Not only this, the government has also announced that after adjusting the amount deducted so far in RGHS, the remaining amount will be returned along with interest at the time of retirement.

Salary will increase from April 1

In fact, in response to the ongoing debate on the Appropriation Bill, CM Gehlot said on Monday that the employees would get the increased money from April 1. Now on eliminating this deduction, the employee will get increased money from 2000 to 10 thousand rupees per month. It is worth mentioning that before this, Gehlot government had announced to implement Old Pension Scheme from April 1 this year by abolishing the New Pension Scheme applicable to the employees recruited in 2004 and thereafter.

money is deducted from NPS

Let us tell you that in the New Pension Scheme, 10 percent of the basic salary of the employee was deducted for NPS, then the government used to mix the same amount in it. Along with this, let us also tell you that there are 5 lakh 22 thousand employees in government departments under the New Pension Scheme in the state, apart from this 38000 employees are working in autonomous bodies. 

25 thousand crore deposited in the bank

It is worth noting that under the New Pension Scheme, including the NPS contribution deducted from the salary of the employees and the contribution of the government, about 25 thousand crore rupees have been deposited in the trustee bank so far. Out of this, 13.24 percent amount has been invested in the stock market and the rest in the company. Accordingly, the present value of this amount invested has now exceeded 31 thousand crores.

2441 employees retire in 5 years

Under the New Pension Scheme, the number of employees retiring from 2016 to March 2022 has increased to 2441. In fact, in response to a question made in the Vidhan Sabha, the government said that from April 1, 2016 to March 31, 2021, 1718 employees with new pension have retired, while 726 employees will retire by March this year. 

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