Old Pension Scheme 2024 – After getting the approval in the Cabinet meeting, an order has been issued in which all the government employees who joined the service after November 1, 2005 will be given the benefit of the old pension scheme. You have been asked to apply within 6 months to avail the benefit. Under this, the employees who have been appointed after November 2005 can choose to avail the benefits of OPS. You are going to get a lot of benefits in the Old Pension Scheme 2024.
Old Pension Scheme 2024 Maharashtra state government announcement
Old Pension Scheme 2024 – Very good news for the government employees of Maharashtra, now all the employees who joined the service after November 2005 will get the benefit of the old pension scheme. This has been allowed by the government. In this regard, the Eknath Shinde government of the state has issued a government resolution.
In this, government employees have been asked to apply within 6 months to avail the benefits of the old pension scheme, so if you are also a government employee in Maharashtra then you can apply for it.
Karnataka State Government announcement
The news of Karnataka government implementing the old pension scheme has been released by the Chief Minister of Karnataka. According to the news, more than 13000 new employees of Karnataka will be given benefits under the pension scheme scheme. This will directly benefit thousands of employees of Karnataka.
The government employees have been waiting for the benefits for which they have been waiting for a long time. The government has promised that it agrees with the announcement of implementing the old pension scheme.
When will the central government implement the Old Pension Scheme 2024?
Central employees have been repeating the demand for implementation of Old Pension Scheme for a long time, but the Central Government is not paying special attention to it.
Keeping in mind the demand of the old pension scheme, a committee was formed by the Central Government which will review the NPS and submit its report to the Central Government. On the basis of this, some changes will be made in the NPS which will benefit the employees but the Central Government Does not agree in favor of implementing the old pension scheme
The government is constantly trying to provide benefits to the employees by making some changes in the NPS itself. Now it remains to be seen what appropriate steps the government takes to restore the old pension scheme after the report of the NPS committee.
In such a situation, the central employees will have to wait for some time. Soon an official statement will be issued by the Central Government and what changes will be implemented will be announced.
Which employees will get the benefit of the Old Pension Scheme 2024?
Recently, in the cabinet meeting held by Chief Eknath Shinde, the entire pension scheme was approved. Under this, the employees who have been appointed after November 2005 will be given the option to avail the benefits of the old pension scheme, which they can easily choose. .
Now the government has issued an order in this regard in which government employees have been asked to apply within 6 months to avail the benefit of choosing between OPS and the new pension scheme.
Under this, the employees for the posts for which advertisements were issued before November 1, 2005 but were released later, will be able to apply for OPS.
Any government employee who does not apply within 6 months from today will get the benefit under NPS National Pension Scheme and in this, more than 25000 employees from the state will be benefited.
Know what is the difference between OPS and NPS
Old Pension Scheme 2024
| OPS | NPS |
| OPS is a process in which after retirement, half of the last basic salary and dearness allowance and pension are given to the government employees from the treasury of the government and every year the dearness allowance is also increased twice. All the employees getting pension. Payment of pension to his family in case of his death is also included in OPS. | NPS is a contributory scheme in which employees have to contribute 10% of their salary. The government deposits 14% in the NPS account of the employees. No, under the pension scheme, government employees will have to pay 10% of their basic salary for pension and in this the state government Contributes only 15% |
| Retired employees also get the benefit of pension being revised after the implementation of Pension Commission. In OPS, employees get a gratuity of up to Rs 20 lakh after retirement. In OPS, Dearness Allowance (DA) is implemented for the employees after 6 months. | Under the new pension scheme, to get pension on retirement, 40 percent of the NPS fund has to be invested. There is no guarantee of fixed pension after retirement. NPS is based on the stock market. This does not include the provision of dearness allowance. |
| Unlike OPS, in the new pension scheme, you have to pay tax on whatever money you get on retirement as per the stock market. | In NPS, there is a provision to give 50 percent of the total salary as pension to the family members of an employee in case he dies during service. |
| In OPS, an employee does not have to pay any income tax on the interest on GPF on retirement. | There is no permanent provision of gratuity at the time of retirement in NPS. Dearness Allowance (DA) given after 6 months is not applicable in the New Pension Scheme (NPS). |
हजारों कर्मचारियों को मिलेगा लाभ Old Pension Scheme 2024।
जैसा कि आपको पता होगा कि वर्तमान समय में राज्य के लगभग 9.5 लाख सरकारी कर्मचारी
नवंबर 2005 से पहले सेवा में शामिल हुए थे, और वह पहले से ही ओ.पी.एस. का लाभ उठा रहे थे,
लेकिन आप बताएंगे कि ओ.पी.एस. को 2005 के बाद बंद कर एनपीएस लागू किया गया था,
जिससे 2005 के बाद वाले सरकारी कर्मचारियों को लाभ मिलना बंद हो गया था,
लेकिन बताया जा रहा है कि इस फैसले से अब फिर से कर्मचारियों को पुरानी पेंशन का लाभ मिलेगा।
पुरानी पेंशन योजना Old Pension Scheme 2024
- सरकार ने इस पर कोई आधिकारिक बयान नहीं दिया है।
- लोकसभा चुनाव से पहले फैसला हो सकता है।
- पुरानी पेंशन योजना में अंतिम वेतन का 50% पेंशन का प्रावधान है।
- राजस्थान, हिमाचल, पंजाब, छत्तीसगढ़, झारखंड में योजना लागू है।
- मार्केट लिंक्ड पेंशन योजना 2004 में शुरू हुई थी।
- इसमें कर्मचारियों को मूल वेतन का 10% छूट मिलती है।
- सरकार को 14% योगदान की आवश्यकता है।
- पुरानी पेंशन में कर्मचारी का कोई योगदान नहीं होता है।
- प्रदेश ने पुरानी पेंशन योजना को बहाल किया है।
- सरकार के आने वाले फैसले का कर्मचारियों को इंतजार करना होगा।
Service Canada is ready
Your Feb pension arrived safely and securely in your bank accounts on Feb 27th 2024.
| Topic | Information | Date |
| Payment Date | February 27, 2024 | N/A |
| Payment Method | Direct deposit to bank accounts | N/A |
| Eligibility | Age 65 or older, Canadian resident for specific period | N/A |
| Application | Not applicable if already receiving CPP/OAS | N/A |
| Website | Government of Canada – Old Age Security Pension: [invalid URL removed] | N/A |
| Contact | Service Canada | 1 800 648-5505 |
| Additional Resources | OAS Payment Schedule: [invalid URL removed] | N/A |
| Disclaimer | This information is for informational purposes only and does not constitute financial advice. | N/A |
Thousands of employees will get benefits
Under this scheme, currently there are about 9.5 lakh government employees in the state who joined the service before November 2005 and are already availing the benefits of OPS but after 2005 when OPS was discontinued, NPS was implemented due to which Government employees who joined after 2005 stopped getting benefits, but with this decision, now the employees will again get the benefit of old pension but they will have to apply for it.
Apply for your Canadian OAS pension online
Ready to enjoy your retirement with the help of the Canadian Old Age Security (OAS) program? Well, here is how you can apply online quickly and easily.
1. Go to the website of Canadian Government: Visit canada.ca which is a platform of Canadian government.
2. Find “Old Age Security”: Search for “Old Age Security” on the site or look under “Benefits and Services” sections.
3. Before you apply, check if you are eligible by looking at the age and residence requirements as contained in OAS website page.
4. Complete online application form: If you are qualified then proceed to completing an online application form. Make sure that you have your Social Insurance Number (SIN) readily available.
5. Confirm accuracy of information provided: Take time to go through what you have filled in especially banking details.
6. Submit it and wait: Once you are convinced that everything is right, then submit it as expectedly there shall be a confirmation email after submitting it where after this will be processed by the government.
7. Get Your OAS Benefits!- After its approval, your monthly OAS payments will be sent directly into your account making it convenient.
Remember, this guide provides a general overview; always consult Canada.ca for specific eligibility criteria, application details, and current processing times.
In One Second, Find Out Your January OAS Payment Status!
Want to know about your January OAS payment? Here is how you can effortlessly go online and check its status in a second:
1. Go to My Service Canada Account:
Visit the My Service Canada Account (MSCA) portal using this link: [valid MSCA website link].
Just login with your credentials if already registered.
Don’t worry if you are a new user; simply click “Register” and follow a few easy steps before creating an account.
2. Check on Your Payments:
Once logged in, go to the “Application Status” area.
Check for any CPP notifications. Frequently both CPP and OAS payments have been handled as one thing therefore updates on either will often show up on the other.
3. Get into Nitty Gritty Details:
Then select “Payment Information”. This section gives relevant details about your OAS payments such as Dates of payments, Amounts, and Deposit information
That’s all! At this point, you should be able to clearly see how your January OAS payment is at.
Extra Advice: For any problems or questions, feel free to contact Service Canada. They are always ready to offer assistance!
I hope you enjoyed reading our new blog on the topic OAS Pension Release Date February 2024, Check Your Payment Status, and got all your answers related to this topic.
