There is bad news for the states implementing the OPS scheme against the NPS scheme implemented by the central government.
The Government of India has refused to return crores of rupees under the New Pension System to the states implementing OPS. Union Finance Minister Nirmal Sitharaman has refused to return the money to the states.
With this announcement of the Finance Minister, millions of employees of Himachal Pradesh, Chhattisgarh, and Rajasthan including Punjab have suffered a major setback.
Sitharaman said that the state governments should announce the restoration of the old pension (OPS) on their financial basis and the states doing so will have to make financial arrangements to implement OPS at their own level.
According to the rules, no employer can claim the amount deposited in NPS.
The governments of Rajasthan, Chhattisgarh, and Himachal government have restored the old pension scheme to the employees along with Punjab.
On the other hand, after this announcement of the Union Finance Minister, the Rajasthan government has announced that it will knock on the door of the Supreme Court against this decision of the Government of India.