Old Pension Scheme: The government has made a big announcement giving relief to the employees appointed after the year 2004. In this regard, the government has approved the proposal and it will be implemented from April 1, 2022.
New Delhi: Old Pension Scheme: The government has made a big announcement giving relief to the employees appointed after the year 2004. In this regard, the government has approved the proposal and it will be implemented from April 1, 2022.
Rajasthan government approves GPF deduction
In fact, the Ashok Gehlot government of Rajasthan has approved the proposal to introduce monthly deduction of General Provident Fund (GPF) subscription for state employees appointed on and after January 1, 2004.
April’s deduction will also be from May’s salary
, according to the official statement released here on Wednesday, Chief Minister Ashok Gehlot has approved the proposal to this effect. According to the proposal, monthly deduction of GPF subscription will be started from April 1, 2022 and deduction of April 2022 will also be done from the salary bills of May 2022.
Announcement to implement old pension scheme in Rajasthan
It is noteworthy that Rajasthan Chief Minister Ashok Gehlot had announced the implementation of Old Pension Scheme (OPS) for state employees appointed on and after January 1, 2004 in the budget of the year 2022-23.
In this sequence, the proposal to implement the provisions of Rajasthan Government Servants General Provident Fund Rules, 2021 for the employees appointed on and after January 1, 2004 has been approved by the Chief Minister.
Know what is General Provident Fund (GPF)
General Provident Fund (GPF) is given to government employees under the old pension scheme. GPF is a type of retirement fund. After retirement, the entire amount is given to the employee. Government employees can contribute up to 15 percent of their salary to the GPF account.
The special thing about GPF account is that there is no tax on the amount deposited in it. Employees can withdraw it at the time of need and submit it later. Explain that interest is also fixed on quarterly basis on the amount deposited by the government.
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