
Maharashtra Cabinet permits OPS option for government employees hired through ads issued before November 2005
The HinduThe Eknath Shinde-led Maharashtra Cabinet on Thursday cleared a proposal that offers State government employees who joined service after November 2005 on the basis of recruiting The decision comes days after government and semi-government employees struck work, demanding the restoration of the OPS. “It was decided in the Cabinet meeting today to give the old pension scheme option to those employees who joined government service on or after November 1, 2005 as per the OPS vs NPS There are at least 9.5 lakh State employees who joined the service before November 2005 who already enjoy the benefits of the OPS. Under the New Pension Scheme, a State government employee contributes 10% of their basic salary plus dearness allowance, with the State making a matching contribution. The CMO note further said that concerned State government employees will be required to give the option to implement the OPS within a period of six months from the publication of the government decision.
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