logo
We will take steps to implement Old Pension Scheme in K'taka: CM Siddaramaiah

We will take steps to implement Old Pension Scheme in K'taka: CM Siddaramaiah

Hans India2 days ago

Bengaluru: Chief Minister Siddaramaiah announced on Wednesday that the state government would discuss and initiate necessary steps to implement the Old Pension Scheme (OPS) in Karnataka.
He was speaking after inaugurating the Diamond Jubilee celebrations of the Karnataka Power Transmission Corporation Employees' Association and releasing the commemorative publication 'Vajra Jyoti'.
'Ours is a government that lives up to its words. We will examine your demands and take appropriate action. The New Pension Scheme (NPS) was implemented by the Central Government, but we had declared in our party's manifesto that we would implement the Old Pension Scheme (OPS). We will hold discussions and take the necessary steps,' the Congress leader assured.
CM Siddaramaiah announced that 35,000 vacant posts in the Power Transmission Department would be filled in phases and that the services of 532 contract civic workers in the department would be regularised.
Recalling Karnataka's legacy in the power sector, CM Siddaramaiah noted, 'Asia's first electricity production began in Karnataka in 1902. The first power distribution company in Bengaluru started in 1905, and electricity was supplied to the Mysore Palace for the first time in 1908. Today, Karnataka has the proud distinction of producing 34,000 megawatts of power.'
CM Siddaramaiah further analysed, 'Our self-reliance in food production is largely due to our self-reliance in electricity generation.'
CM Siddaramaiah stated that the Congress-led government aims to ensure seven hours of daytime power supply to farmers for agricultural pump sets. 'We are working towards this goal. Once we reach a production capacity of 60,000 megawatts, this will become possible. We must remember that electricity is a vital component of our economy,' he stressed.
Addressing the gathering, Deputy Chief Minister D.K. Shivakumar stated, 'I assure you that as long as Chief Minister Siddaramaiah and I are in power, we will not allow the privatisation of Electricity Supply Companies (ESCOMs) in the state.'
He stated, 'When I became the Energy Minister, the BJP came to power at the Centre. In cities like Mumbai and Delhi, ESCOMs were handed over to private players. I, too, was pressured to do the same in Bengaluru. At that time, I told them that our staff, engineers, and management Board are strong and capable enough to run the ESCOMs efficiently. As long as Chief Minister Siddaramaiah and I are here, ESCOMs will not be privatised in Karnataka.'
'Your demands are in consideration. The Old Pension Scheme is also part of our manifesto, so don't worry about that,' Dy CM Shivakumar stressed.
'When I took charge of the department, transmission losses stood at around 19–20 per cent. We have reduced this to 10 per cent, which is a model for the entire country. In many other states, losses are still around 17–18 per cent.
"All thanks to the efforts made by all of you, the Energy Department has grown stronger. Minister for Energy, K.J. George, who currently heads this department, is leading it with great transparency and efficiency. We had taken several revolutionary decisions in the past as well,' Shivakumar added.
'When the issue of promotions came up earlier, I made a decision in just one day. Whenever a Congress government comes to power, it works for your well-being. Remember this — Chief Engineers in KPTCL and ESCOMs receive the same salary as an IPS officer. Let your love and trust remain with us,' Shivakumar added.
Energy Minister K.J. George on Wednesday said that the state government fully supports the KPCTL Employees' Association, recognising its commitment to aiding the successful implementation of pro-people initiatives across Karnataka.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Karnataka BJP chief slams 15% muslim housing quota: ‘Siddaramaiah can stoop to any level to appease'
Karnataka BJP chief slams 15% muslim housing quota: ‘Siddaramaiah can stoop to any level to appease'

Hindustan Times

timean hour ago

  • Hindustan Times

Karnataka BJP chief slams 15% muslim housing quota: ‘Siddaramaiah can stoop to any level to appease'

Karnataka BJP President BY Vijayendra on Friday strongly criticised the state cabinet's decision to increase reservation for minorities under various housing schemes from 10 per cent to 15 per cent, calling it appeasement politics by Chief Minister Siddaramaiah and the Congress government. Speaking to ANI, Vijayendra said, "...Chief Minister Siddaramaiah can stoop to any level to appease is of doing appeasement politics, they should stress on providing education to the is not against minorities, but is against anti-national will take up this issue in the assembly and also hit the streets." Vijayendra questioned the Congress's claim of following Ambedkar's ideology, saying, "Congress leaders, including CM Siddaramaiah, repeatedly claim they're champions of the Dalits... but this is not what people expect." Quoting Prime Minister Narendra Modi's schemes, he said benefits like Pradhan Mantri Kisan Samman Yojana and Beti Bachao Beti Padhao reached every section of society, unlike the Congress's religion-specific approach. "Let them stress upon education to the minorities. Let them educate people. The Congress party, after independence, never did this. If Muslims are still below the poverty line, it is only because of the Congress's attitude," he added. The BJP chief also announced that the party would raise the issue in the state assembly and protest across Karnataka. "They're only trying to fool the people of Karnataka... The High Court has clearly said it was the fault of the political leadership. At least after the court's observation, the CM should accept it," Vijayendra told ANI. Referring to the recent stampede in Bengaluru's Chikkaballapur, Vijayendra blamed the Chief Minister and Deputy CM, calling it a failure of governance. "Unfortunately, innocent officials, senior IPS officers, including the Bengaluru City Commissioner, have been made scapegoats. Bureaucracy is losing hope in this government," he alleged. Earlier, Union Minister Pralhad Joshi condemned the move, calling it unconstitutional by referring to the Supreme Court's 'rejection' of religion-based reservation. Speaking to ANI, Joshi said, "This is against the Constitution. The Supreme Court has also rejected a religion-based reservation. This reduces the quota for OBC, ST, and poor people from the general caste. The Karnataka government is doing the politics of appeasement. I condemn this. We will also approach the court against this." On Thursday, the Karnataka Cabinet approved an increase in the reservation quota for minority communities under various housing schemes from 10 per cent to 15 per cent. Karnataka Minister HK Patil stated that this move does not require any new rules to be drafted."The reservation for all minority communities will be increased. There are Christians, Jains, Buddhists," the Minister said. (ANI)

"Siddaramaiah can stoop to any level to appease minorities": Karnataka BJP Chief slams 15% muslim housing quota
"Siddaramaiah can stoop to any level to appease minorities": Karnataka BJP Chief slams 15% muslim housing quota

India Gazette

time3 hours ago

  • India Gazette

"Siddaramaiah can stoop to any level to appease minorities": Karnataka BJP Chief slams 15% muslim housing quota

Bengaluru (Karnataka) [India], June 20 (ANI): Karnataka BJP President BY Vijayendra on Friday strongly criticised the state cabinet's decision to increase reservation for minorities under various housing schemes from 10 per cent to 15 per cent, calling it appeasement politics by Chief Minister Siddaramaiah and the Congress government. Speaking to ANI, Vijayendra said, '...Chief Minister Siddaramaiah can stoop to any level to appease is of doing appeasement politics, they should stress on providing education to the is not against minorities, but is against anti-national will take up this issue in the assembly and also hit the streets.' Vijayendra questioned the Congress's claim of following Ambedkar's ideology, saying, 'Congress leaders, including CM Siddaramaiah, repeatedly claim they're champions of the Dalits... but this is not what people expect.' Quoting Prime Minister Narendra Modi's schemes, he said benefits like Pradhan Mantri Kisan Samman Yojana and Beti Bachao Beti Padhao reached every section of society, unlike the Congress's religion-specific approach. 'Let them stress upon education to the minorities. Let them educate people. The Congress party, after independence, never did this. If Muslims are still below the poverty line, it is only because of the Congress's attitude,' he added. The BJP chief also announced that the party would raise the issue in the state assembly and protest across Karnataka. 'They're only trying to fool the people of Karnataka... The High Court has clearly said it was the fault of the political leadership. At least after the court's observation, the CM should accept it,' Vijayendra told ANI. Referring to the recent stampede in Bengaluru's Chikkaballapur, Vijayendra blamed the Chief Minister and Deputy CM, calling it a failure of governance. 'Unfortunately, innocent officials, senior IPS officers, including the Bengaluru City Commissioner, have been made scapegoats. Bureaucracy is losing hope in this government,' he alleged. Earlier, Union Minister Pralhad Joshi condemned the move, calling it unconstitutional by referring to the Supreme Court's 'rejection' of religion-based reservation. Speaking to ANI, Joshi said, 'This is against the Constitution. The Supreme Court has also rejected a religion-based reservation. This reduces the quota for OBC, ST, and poor people from the general caste. The Karnataka government is doing the politics of appeasement. I condemn this. We will also approach the court against this.' On Thursday, the Karnataka Cabinet approved an increase in the reservation quota for minority communities under various housing schemes from 10 per cent to 15 per cent. Karnataka Minister HK Patil stated that this move does not require any new rules to be drafted.'The reservation for all minority communities will be increased. There are Christians, Jains, Buddhists,' the Minister said. (ANI)

Double gain for UPS subscribers: Gratuity bonanza over and above lump-sum benefit for these government employees, here's how
Double gain for UPS subscribers: Gratuity bonanza over and above lump-sum benefit for these government employees, here's how

Time of India

time3 hours ago

  • Time of India

Double gain for UPS subscribers: Gratuity bonanza over and above lump-sum benefit for these government employees, here's how

Central Government employees under the Unified Pension Scheme (UPS) now gain retirement and death gratuity benefits up to Rs 25 lakh, as per the latest rules. This adds to the existing lump-sum payment within UPS, offering a double financial advantage. Read below to know how government employees can benefit from this new development. Tired of too many ads? Remove Ads What did the government say about the gratuity payment under UPS? What does this mean for government employee subscribing to UPS? Tired of too many ads? Remove Ads Serial no. Length of qualifying service Rate of death gratuity 1. Less than one year Two times of emoluments 2. One year or more but less than five years Six times of emoluments. 3. Five years or more but less than eleven years Twelve times of emoluments. 4. Eleven years or more but less than twenty years Twenty times of emoluments. 5. Twenty years or more Half of emoluments for every completed six-monthly period of qualifying service subject to a maximum of thirty three times of emoluments Tired of too many ads? Remove Ads How much lumpsum amount can you get under UPS? Comparison between UPS and NPS Particulars Unified Pension Scheme (UPS) National Pension System (NPS) Employer's contribution The employer contributes 18.5% of the employee's basic salary to the pension fund. The employer deposits 14% of the basic salary into the pension account. Pension Payout Offers a fixed monthly pension, which is 50% of the average basic pay earned in the final 12 months before retirement (for employees completing 25 years of service). No fixed pension is guaranteed. The monthly pension depends on the performance of the investments over time and the final amount accumulated. Employee Contribution Employees will contribute 10% of the basic salary to the pension fund. Employees will contribute 10% of the basic salary to the pension fund. Inflation Adjustment Pension payments are periodically adjusted based on the All-India Consumer Price Index for Industrial Workers (AICPI-IW) to protect against inflation. NPS does not offer automatic inflation adjustments. It does not have a built-in mechanism like DA (Dearness Allowance). Central Government employees who have opted for Unified Pension Scheme UPS ) can now receive retirement and death gratuity benefits of up to Rs 25 lakh, according to the Central Civil Service (Payment of Gratuity under National Pension System) Rules, 2021. This means UPS subscribers will now enjoy gratuity payments (on both retirement and death in service), along with a lumpsum payment already built in the UPS. UPS subscribers will get a lump sum amount equal to 10% of the emoluments for each completed six months of on to know what this will mean for central government to a press release dated June 18, 2025, the government said: 'The Department of Pension and Pensioners' Welfare vide its OM No. 57/01/2025-P&PW(B)/UPS/10498 dated 18.06.2025, has issued clarification that the Central Government employees opting for Unified Pension Scheme shall be eligible for benefit of 'Retirement gratuity and Death gratuity' under the provisions of the Central Civil Service (Payment of Gratuity under National Pension System) Rules, 2021.'Shravan Shetty, Managing Director, Primus Partners, says the key benefit is that employees under UPS can now access lump sum gratuity payouts upon retirement or in the unfortunate event of death in service—benefits that were earlier unclear or unavailable.'This update under the Central Civil Service (Payment of Gratuity under National Pension System) Rules, 2021 gives UPS subscribers a more comprehensive social security net and provides financial support to families and retirees during critical life stages,' says Ahmed, Partner, Singhania & Co agrees with Shetty and adds: 'UPS subscribers get both benefits – lump sum benefits from UPS itself and gratuity benefits carried over from NPS rules.'The retirement gratuity formula under Rule 22 of Central Civil Service (Payment of Gratuity under National Pension System) Rules, 2021 is:'..retirement gratuity equal to one-fourth of his emoluments for each completed six monthly period of qualifying service, subject to a maximum of 16 1⁄2 times the emoluments.'The death gratuity formula under Rule 22 of Central Civil Service (Payment of Gratuity under National Pension System) Rules, 2021 is:Source: Rule 22 of Central Civil Service (Payment of Gratuity under National Pension System) Rules, 2021The term emoluments means basic pay plus dearness allowance (DA). As per the said rules, stagnation increment is treated as emoluments for calculation of gratuity amount has been increased up to Rs 25 lakh. According to an office memorandum dated May 30, 2024, '..the maximum limit of Retirement Gratuity and Death Gratuity under the Central Civil Services (Pension) Rules, 2021 or the Central Civil Services (Payment of Gratuity under National Pension System), Rules 2021, would be increased by 25% i.e. from Rs 20 lakh to Rs 25 lakh with effect from January 1, 2024.'The government has not yet clarified or explained that government employees opting for UPS will not get Lumpsum and retiral/death gratuity benefits both, hence experts have interpreted the law and answered that the said employees will get both the benefits under UPS, until the government clarifies this is not the Joshi, Senior Associate, PSL Advocates & Solicitors says: "By way of these clarifications, the DoPPW has resolved several concerns of the employees with regard to losing their gratuity benefits while opting-in for the UPS. This development marks a progressive blending of old and new pension schemes and reflects the beneficial nature of the framework. As the gaps between UPS and Oold Pension Scheme (OPS) are now resolved, it ensures parity and is likely to encourage employees to opt for UPS with an option to avail benefits of OPS as well."A lump sum amount is calculated as 1/10th of their last drawn monthly pay for every six months of completed says: 'Upon retirement, employees will receive a one- time payment alongside gratuity, calculated as 1/10th of their monthly salary (basic pay plus Dearness Allowance) for every six completed service months. This extra amount does not affect the assured pension.'If we compare the lumpsum benefit under UPS with NPS, then under NPS employees can withdraw up to 60% of the NPS corpus as lump sum on superannuation, which could be bigger than the lump-sum received under UPS. However, the regular income generated by annuity purchased with 40% of the remaining retirement corpus may not be as big as in case of in NPS, the employees have the option of investing their corpus in equities which isn't possible with UPS. This means there is a greater potential for a bigger corpus in NPS compared to UPS, especially if the stock market yields returns of over 8% to 10% per annum during their a table showing how UPS and NPS differs:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store