“Old Pension Scheme Notified by Himachal Pradesh Govt from Apr 1, 2023”
The government of Himachal Pradesh has officially notified the re-introduction of the old pension scheme, which will come into effect starting from April 1, 2023. This decision has been made to address the concerns of employees who were dissatisfied with the new pension scheme. The old pension scheme will provide benefits to employees who have been serving the government for a long period of time. The notification provides detailed guidelines and instructions for the implementation of the old pension scheme, with specific criteria and eligibility requirements that must be met in order to be eligible for the scheme. The decision has been widely welcomed by employees and has been seen as a positive step towards ensuring the welfare of government employees.
Implementation of Old Pension Scheme in Himachal Pradesh – stopping of National Pension System Contribution
The Department of Finance in the State Government of Himachal Pradesh published an important order regarding the Regarding implementation of Old Pension Scheme to its employees with effect from 1st April 2023 and also stopping of National Pension System Contribution
A significant order has been issued by the Department of Finance in the State Government of Himachal Pradesh, regarding the implementation of the Old Pension Scheme and cessation of National Pension System Contribution.
The Department of Finance in the Government of Himachal Pradesh has issued an important order regarding the implementation of the Old Pension Scheme for its employees, effective from April 1, 2023. In accordance with the Cabinet Decision, as per the CCS (Pension) Rules, 1972, the State Government has decided to stop the contribution of State Government employees covered under NPS with effect from April 1, 2023. As per the office memorandum dated April 17, 2023 issued by the Pension Department of Finance of HP, the contributions of State Government employees (employee’s and employer’s share) covered under the National Pension System shall be ceased as a result of the implementation of the old pension scheme.
Click to view the NPS to OPS Notification in PDF
Top Links about NPS to OPS:
- Agitational Programme for Scrapping of NPS and Restoration of OPS – Confederation
- Setting Up Committee to Review National Pension System for Government Employees
- NPS Govt Contribution Rate 14% of Basic Pay + DA
- Old Pension Scheme for Central Govt Employees Recruited on or before 22.12.2003
- Family Pension to Deceased NPS Employees
- NPS to OPS for Recruited Against Post or Vacancy Advertised, Notified for Recruitment
- Government Clarifies on the Significant Requirements for Transitioning from OPS to NPS
- Opportunity to switch from NPS to OPS with a one-time choice – NC JCM Staff Side
- NPS to OPS Option for Certain Central Government Employees Last Date 31.8.2023
- National Convention on Scrapping NPS and Restoring Old Pension Scheme
- NPS To OPS: Strategy to Achieve Old Pension Scheme – NJCA
- Options Under CCS NPS Rules to Avail Old Pension Benefits On Death of Govt Employee
- NPS – TTS: Change in Operational Guidelines for NPS Tier 2
- Old Pension Scheme is not considered a feasible proposition in the current scenario – Central Govt
- Notification regarding Old Pension Scheme : NVS
The Department of Finance has issued an order regarding the implementation of the Old Pension Scheme and cessation of National Pension System Contribution.
The Old Pension Scheme will be implemented for employees in Himachal Pradesh with effect from April 1, 2023.
This order signifies the decision of the State Government to stop the contribution of State Government employees covered under NPS from April 1, 2023.
The implementation of the Old Pension Scheme in Himachal Pradesh is in accordance with the Cabinet Decision, as per the CCS (Pension) Rules, 1972.
The Pension Department of Finance has issued an office memorandum dated April 17, 2023, providing further details and clarifications regarding the implementation of the Old Pension Scheme.
Yes, employees covered under NPS will be switched to the Old Pension Scheme with effect from April 1, 2023, as per the order issued by the Department of Finance.
With the implementation of the Old Pension Scheme, employees will be entitled to the retirement benefits as per the provisions of the scheme, instead of the National Pension System.
The order does not mention any exceptions or exclusions. However, it is advised to refer to the office memorandum issued by the Pension Department for detailed guidelines and eligibility criteria.
No, the order states that the contribution to National Pension System by State Government employees will be stopped from April 1, 2023. Hence, employees will be switched to the Old Pension Scheme.