The Modi government has almost fulfilled the long-standing demand of the government employees for the old pension scheme by introducing the Unified Pension Scheme.
The employees demanded that after retirement they should be given a fixed amount every month as pension.
The Central Government has decided to give pension equal to 50 percent of the average basic salary drawn in the last 12 months to the Central Government employees under the Unified Pension Scheme (UPS) and it will come into effect from April 1, 2025.
BJP hopes that it will get full benefit from this in the upcoming assembly elections.
Central employees were also angry with BJP for a long time for not implementing OPS. Its effect can be seen in the upcoming assembly elections in Delhi.
In the recent assembly elections, the old pension scheme became a weapon to defeat the BJP. In Himachal Pradesh too, the Congress had announced to implement OPS if it formed the government.
However, even after the Congress government was formed, OPS was not implemented. Congress played this trick in Madhya Pradesh too but could not succeed.
OPS could not become a big issue in the Lok Sabha elections. However, the resentment of government employees was evident. Inspectors had said that this could be a big issue in the coming elections.
After the dates of assembly elections in Haryana and Jammu and Kashmir are announced, BJP can benefit in these states too. Assembly elections are also to be held in Maharashtra and Jharkhand this year.
Explaining the Cabinet decision, Union Minister Ashwini Vaishnaw said, the Congress promised OPS in Rajasthan and Himachal Pradesh but then did not implement it and tried to dupe the public.
He said that Congress has always been insensitive towards employees. This was also seen in Rajasthan and Himachal Pradesh.
What is Unified Pension Scheme
Under the Unified Pension Scheme (UPS), the government has decided to give a fixed amount to the employees as pension. Employees who complete 25 years of service will be given 50 percent of their last basic salary every month as pension.
Those who have served for less than 10 years will be given a minimum pension of Rs 10,000. Apart from this, employees who have served for 10 to 25 years will be given pension proportionately.
Like NPS, investment will have to be made in the employees’ pension scheme. However, it will remain only 10% and the remaining 18.5% will be invested by the government.
If an employee dies during service, 60% of his salary will be given to his family as pension. There is also a provision to increase the pension according to inflation.
After the central government employees, state governments can also implement this rule. Currently, 23 lakh employees of the centre will benefit from this.
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