NPS amount refund: Big news for employees, PFRDA said- NPS amount will be returned in these 2 circumstances

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Finance Ministry issued notification: Salary and Pension will be given in advance in these two states employees, will get salary on this day
Finance Ministry issued notification: Salary and Pension will be given in advance in these two states employees, will get salary on this day

The old pension scheme has been implemented in the state for the employees. An office memorandum was issued for this. Although the notification has not been released yet. At the same time, clarification has been sent to the states from PFRDA. On which difficulties are going to increase for the state government. At the same time, the employees may have to bear the brunt of this.

Old Pension Scheme: The old pension scheme has been implemented in many states while many states are also preparing to implement the old pension scheme. In view of the increasing demand of the employees, the old pension scheme is being considered. Meanwhile, the old pension scheme was implemented for the employees of the state. However, till now the amount of NPS under PFRDA is being deducted from his salary in case of non-issuance of notification. Now a clarification has also been issued by the PFRDA to the state government.

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The deposits of the employees were sought from the PFRDA after the Himachal government implemented the old pension scheme in the state. To which the central government has given a blunt answer. Sent a clarification on PFRDA to Himachal Govt. In which it has been said that the NPS money will be returned to Himachal Pradesh employees only after their retirement and death.

8000 crore rupees with the central government under the deduction of NPS

Earlier, along with the implementation of the old pension scheme, the state government had demanded the amount deposited under NPS from the central government. Actually, 8000 crore rupees of the state government is deposited with the central government under the deduction of NPS. Every year 1500 to 1600 crore rupees of government employees are being deposited in NPS.

The same PFRDA clarified that due to the implementation of the old pension scheme, the accounts deposited in NPS will not be given to the state government. The Center has clearly said that the amount of NPS will be returned to the employees of the state only after their retirement and death. Apart from non-return of deposits in NPS, it has become a big challenge for the government to implement the old pension scheme on the ground. The financial condition of the government is already not good. In such a situation, the trouble is going to increase for the State Government even after the employees of the State Government have not returned Rs 8000 crore to the Pension Fund Regulatory and Development Authority.

Money will be returned in 2 circumstances

Under the new pension system, 10% of the monthly salary is deposited by the state government employee in PFRDA while 14% is deposited by the state government. Along with this, the amount of NPS is deposited. Now the state government official says that the clarification of PFRDA is that NPS money can be returned only in two conditions. After such circumstances are created, the employees will be given their money only in the event of retirement or death.

Employees still confused

In this regard, the situation has been clarified to other states in the same way. Now in further action, what steps the Himachal government takes to implement the old pension scheme, only time will tell. At the same time, with the coming of the Congress government, a memorandum was issued regarding the old pension scheme, but due to non-issue of notification, the employees are still in a state of confusion. They are constantly demanding the government to implement the old pension scheme. If this does not happen, violent demonstrations of the employees can be seen.

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