HomeNewsStateChhattisgarh becomes first state to restore old pension scheme

Chhattisgarh becomes first state to restore old pension scheme

Chhattisgarh becomes first state to restore old pension scheme – Chhattisgarh has become the first state in India to restore the old pension scheme to provide assured income to retired employees.

  • To regard this, the govt of Chhattisgarh sent a proposal to the Pension Fund Regulatory and Development Authority (PFRDA) for the withdrawal of Rs 17,000 crore accrued under the National Pension Scheme since November 2004.
  • The old pension scheme will be effective from April 1, 2022.
  • The old pension scheme gives 50% of the employee’s salary as a pension.

Chhattisgarh Rojgaar Mission

  • The Chhattisgarh Rojgaar Mission will be provided with a sum of 2 crores to work on the prospects of creating new jobs through coordinating skill development programmes.

Rajasthan old pension scheme

  • The request of the Rajasthan government was rejected to withdraw Rs 39,000 crore accrued under the National Pension Scheme since 2004.

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