Old Pension Scheme is about to start across several states. The scheme has been in the works for quite some time. This scheme is being launched in some states of the country. Political parties in various states are promising to launch this pension scheme as the polling phase is going to start in those states very soon.
However, experts say that there are going to be problems with the introduction of this scheme in the future. The Reserve Bank of India itself has agreed with experts on the issue of this new pension scheme. Besides, the new pension scheme of Andhra Pradesh Chief Minister Jagan Mohan Reddy has been added to this discussion. Reddy Sarkar named this new scheme Guaranteed Pension Scheme.
However, no document in this regard has been sent to the Centre. However, it is heard that the government of Andhra Pradesh is actively working on this. And the provisions of both the old and new pension schemes have been added to it. Under this scheme if an employee deposits 10% of his total mine, after retirement he will get a pension of at least 33% of his mine.
Besides, the state government is going to deposit 10% in it. Also, if the employee contributes 14%, after retirement he will get a pension of 40% of the mine. Although this is a very attractive offer, unfortunately the central government has not yet given permission to launch this scheme.
On the other hand, according to the new pension scheme, employees will get a large sum of money after retirement. Through which employees or investors will get a discount of Rs 50,000, besides under the Income Tax Act they can get a discount of up to Rs 1.5 lakh. Although both these systems are a long-term system.