Ranchi: The Hemant Soren government has given a big gift to about 1.25 lakh government employees as in the cabinet meeting held on Thursday approval was given on the proposal to implement the old pension scheme in the state was granted.
This scheme will be implemented from 1st September 2022. After implementation, the new contributory pension scheme, which was implemented in the state from December 1, 2004, will end.
The old pension scheme will be applicable to the employees appointed on or after this date. As soon as the news spread hundreds of government employees working in the project building gathered and welcomed the Chief Minister and other cabinet ministers by offering garlands to him and later celebrated with the sound of dhols and nagadas in the premises.
However, government employees who want to take advantage of the scheme, they will have to give an affidavit that they are valid under the terms of Standard Operating Procedure (SOP) while no additional financial claim will be made by the employees from the State Government.
The deduction of 10 percent monthly contribution from the salary under the new contributory pension scheme of the employees under the affidavit (from September 1, 2022) will end. After that, the deduction will be from the basic salary as per the provisions of the Jharkhand General Provident Fund Act.
Further, if the amount of government contribution and interest earned thereon from the National Securities Depository Limited (NSDL) is not received directly by the state government, then after the retirement of the employees, the amount of government contribution and interest earned thereon will be transferred to the government fund.
In the event of NSDL getting the amount of Government contribution and interest earned thereon the payment of future pension will be kept in a separate fund. The principal amount and the interest earned on it will be given to the government employees on receipt of the contribution amount of government servants from NSDL to the state government.
Employees will have the option can deposit the principal amount in the Jharkhand General Provident Fund account. If the amount of contribution of government employees is not received by NSDL under any circumstances, the claim will not be made by the state government. Separate guidelines will be issued in such cases to such government employees, who have received retirement benefits after retirement or after their death in the new contributory pension scheme.