THEOPTIMISTICJOURNALIST

Uttar Pradesh: CM Yogi Adityanath to provide government employees one-time-option to switch to OPS The Yogi Adityanath-led Government of UP is set to provide its employees a one-time option so that th…

UP:
Government Employees get one-time-option to Switch To OPS

The Yogi Adityanath-led Government of UP is
set to provide its employees a one-time option so that they can switch to the
Old Pension Scheme. While States like Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh had
earlier revived the OPS, Karnataka and Telangana are mulling the restoration.

 

In a recent
turn of events, the Yogi Adityanath led Uttar Pradesh Government is poised to
give its employees a One-Time option to facilitate the switch to Old Pension
Scheme.

The decision
by the UP Cabinet brings under its purview the state government employees, employees of
educational institutions aided by the government, autonomous institutions
funded by state government, in which pension scheme of employees had been in
force and which were financed from the consolidated fund of the state
government.

Employees that received appointment on or after April 1,
2005, for the posts regarding which the advertisement had been published before
March 28, 2005,  and which were notified
to be covered under the implementation of the National Pension System, by the
UP government are set to benefit from the One-time switch to the OPS.

Similarly, orders were issued by the Union Government, on
March 3,.2023, Employees appointed on or after January 1, 2004, against a
vacancy, the advertisement for which was made public by the Union Government before
the December 22, 2003 and which included the implementation of NPS, qualified
to avail a one-time option for the old pension scheme.

The
development takes place with the backdrop of an apparent halt to the Bharatiya
Janata Party’s Juggernaut in Uttar Pradesh. In the recently concluded Lok Sabha
2024 polls, the BJP won only 33 seats against 62 seats from 2019 and 71 seats
from 2014 Lok Sabha elections, respectively.

Political Pundits attribute an alleged
dissatisfaction among the Government Employees as reasons behind the unexpected
verdict.

However, the recent decision by Yogi
Adityanath-led UP Government will come as an unanticipated gift to a
significant number of employees.