Monday, December 09, 2019
facebook
Punjab

Posted at: Dec 2, 2019, 2:30 PM; last updated: Dec 2, 2019, 9:27 PM (IST)

Punjab government increases its share in New Pension Scheme

Punjab government increases its share in New Pension Scheme
The Cabinet also agreed to give the benefit of the Death-Cum-Retirement Gratuity to all the employees of the state government recruited on or after January 1, 2004 and covered under the New Pension Scheme. File photo

Rajmeet Singh
Tribune News Service
Chandigarh, December 2

Accepting the demand by various state government employees’ unions, the Punjab cabinet on Monday decided to increase its share in the New Pension Scheme, in line with the decision of the Centre, with effect from April 1, 2019.

The Cabinet also agreed to give the benefit of the Death-Cum-Retirement Gratuity to all the employees of the state government recruited on or after January 1, 2004 and covered under the New Pension Scheme.

The Cabinet also gave in-principle approval to amend the Punjab Village Common Land (Regulation) Rules, 1964, to create land banks in rural areas to boost industrial development in the city.

COMMENTS

All readers are invited to post comments responsibly. Any messages with foul language or inciting hatred will be deleted. Comments with all capital letters will also be deleted. Readers are encouraged to flag the comments they feel are inappropriate.
The views expressed in the Comments section are of the individuals writing the post. The Tribune does not endorse or support the views in these posts in any manner.
Share On