Jaipur : The Central Finance Ministry recently held a meeting with the states through video conferencing. Information related to UPS was given in this meeting and questions of the state officials were also answered. It was clarified in the meeting that in the absence of the employee, only that wife who was the wife at the time of retirement will be considered entitled to family pension. Till now, as per the rules laid down, apart from the wife, some categories like widowed daughter, unmarried daughter, divorced daughter, disabled son-daughter and unemployed son up to 25 years of age have also been considered eligible for family pension.
The amount will be invested in the market
The entire amount of government and employee contribution deposited in Unified Pension Scheme (UPS) will be invested in the market. Out of this, 8.5% will be kept in the reserve fund. The entire amount deposited in UPS will be under the concerned agency of the Central Government. Apart from gratuity, 1/10th of salary and DA will be given as lump sum payment on retirement after completion of every six months of service. The amount of assured pension will not be reduced due to this payment, but like the old pension scheme, if the employee withdraws 60 percent of the total deposit, then pension will be given according to the remaining 40 percent amount.
UPS not approved
We demand from the CM that OPS should be continued. Whatever happens in UPS, we will not accept it. If OPS is tampered with, then there will be a movement in the state.
