The Aryavarth Express
New Delhi: After the Centre approved the Unified Pension Scheme (UPS), Delhi government minister Saurabh Bhardwaj claimed that the BJP had come to its senses and would very soon roll back their other decisions, like the Agniveer scheme.
Saurabh Bhardwaj said, “It has been proven that what all the parties and opposition parties were saying was correct. Opposition was raising the voices of people. The central government itself was suppressing all the employees of the central government. The way the central government employee voted against the BJP, the BJP has come to its senses a bit, and I think they (the BJP) will take their other decisions like the Agniveer scheme very soon.”
The Modi government approved a new pension scheme on Saturday called the Unified Pension Scheme (UPS), which will come into effect on April 1, 2025.
The opposition parties were demanding to bring back the old pension scheme (OPS), which was replaced by a new pension scheme (NPS) in 2004.
The new pension scheme was based on defined contributions by employees and employers, which were to be invested in select funds, and the amount of the pension was dependent on the returns on the investments.
The government said the unified pension scheme has the advantages of the previous old pension scheme and the features of the new pension scheme.
The UPS has provisions for a fixed pension amount, a guaranteed and predetermined sum of money that a retiree will receive regularly after retirement.
The UPS ensures that all central government employees who have served for 25 years or more will receive 50 percent of their last drawn salary from the past 12 months as pension. Additionally, those employees will also be eligible for post-retirement inflation-linked increments in their pension amount.