CM Eknath Shinde positive about old pension scheme for teachers and government employees

Shinde stated during a campaign rally for the forthcoming Legislative Council elections that the state education agency is investigating the old pension programme.

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Eknath Shinde, the Chief Minister of Maharashtra, has stated that the state administration is optimistic about the old pension programme for teachers and government employees.

Shinde stated during a campaign rally for the forthcoming Legislative Council elections that the state education department is investigating the old pension programme, according to news agency PTI.

What is the old pension scheme?

Employees received a defined pension under the previous pension program. An employee is entitled to a pension equal to half of his or her last wage. The pension amount, however, is contributory under the National Pension System, which went into force in 2004.

“The government is positive about the old pension scheme for teachers and government employees in non-aided schools and also about the 25 percent reservation in English-medium schools. “The education department is studying the old pension scheme,” Shinde said.

He talked about the Davos meeting and said that some international companies would rather form joint ventures than make direct investments.

“Hence, many industrialists at the Davos conference are from India.” “But it will be foreign investment,” he added.

However, deputy chief minister Devendra Fadnavis stated that the administration will not reinstate the previous pension programme since doing so would load the exchequer with Rs. 1.10 lakh crore and lead the state to go bankrupt.

Memorandums of Understanding (MOUs) signed by the last Maha Vikas Aghadi (MVA) government were called into question by the chief minister.

In addition, Rajasthan Chief Minister Ashok Gehlot stated that the state government is committed to reviving OPS. In their first cabinet meeting on Friday, the Sukhvinder Singh Sukhu-led Congress government in Himachal Pradesh authorised the restoration of the Old Pension Scheme.