Delhi Minister Saurabh Bhardwaj on BJP’s Unified Pension Scheme Approval
New Delhi [India], August 25: After the Centre approved the Unified Pension Scheme (UPS), Delhi government minister Saurabh Bhardwaj claimed that the BJP had come to its senses and would very soon roll back their other decisions, like the Agniveer scheme.
Saurabh Bhardwaj said, “It has been proven that what all the parties and opposition parties were saying was correct. Opposition was raising the voices of people. The central government itself was suppressing all the employees of the central government. The way the central government employees voted against the BJP, the BJP has come to its senses a bit and I think they (BJP) will take back their other decisions like the Agniveer scheme very soon.”
The Modi government has approved a new pension scheme on Saturday called the Unified Pension Scheme (UPS), which will come into effect from April 1, 2025. The opposition parties were demanding to bring back the old pension scheme (OPS) which was replaced by the new pension scheme (NPS) in 2004. The new pension scheme was based on defined contributions by employees and employers, which were to be invested in select funds and the amount of pension was dependent on the returns on the investments.
The government said the unified pension scheme has the advantages of the previous old pension scheme and the features of the new pension scheme. The UPS has provisions for a fixed pension amount, a guaranteed and predetermined sum of money that a retiree will receive regularly after retirement. The UPS ensures that all central government employees who have served for 25 years or more, will receive 50 per cent of their last drawn salary from the past 12 months as pension. Additionally, those employees will also be eligible for post-retirement inflation-linked increments in their pension amount.
Doubts Revealed
Delhi Minister -: A Delhi Minister is a person who helps run the government in Delhi, which is the capital city of India.
Saurabh Bhardwaj -: Saurabh Bhardwaj is a politician who works for the government in Delhi.
BJP -: BJP stands for Bharatiya Janata Party, which is one of the major political parties in India.
Unified Pension Scheme -: The Unified Pension Scheme is a plan that gives money to retired government workers every month.
Agniveer scheme -: The Agniveer scheme is a plan related to the recruitment of soldiers in the Indian military.
inflation-linked increments -: Inflation-linked increments mean that the pension amount increases over time to keep up with the rising cost of living.
central government employees -: Central government employees are people who work for the main government of India, not just for a state or city.
