India News | Himachal Govt Issues SOP for Implementation of Old Pension Scheme

Shimla, May 4 (PTI) The Himachal Pradesh government on Thursday issued a standard operating procedure (SOP) for implementation of the Old Pension Scheme (OPS) for the 1.36 lakh state employees.

According to the SOP, employees, who wish to be covered under OPS or want to remain under the National Pension System (NPS), will have to choose an option within 60 days from the date of issue of these instructions.

Also Read | Air India Salary Revision Row: Tata-Owned Airline Clarifies Town Hall Organised to Clarify Doubts on Revised Pay Structure.

Once exercised, the option would be final and irrevocable and in case the option is not exercised within 60 days by an employee, it would be deemed that the employee wishes to continue under the NPS, an office memorandum said.

The Sukhvinder Singh Sukhu government had taken a decision to implement the OPS in its first cabinet meeting in March. The decision would put a burden of Rs 1,000 crore on the state exchequer during the financial year 2023-24.

Also Read | ED Arrests Jharkhand IAS Officer Chhavi Ranjan Over Involvement in Alleged Illegal Land Deals.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)