: The decision to implement the reformed National Retirement Salary Scheme for State Government Employees and Retirement Salary Scheme as per the Finance Department of State Government Employees and Centre, was taken in the Cabinet meeting held today. The same scheme will be implemented from March 2024 onwards. Or the decision will benefit lakhs of employees in the state.
The State Government has accepted the investment risk in the National Retirement Pay System and by accepting the recommendations of the Committee, the employees retiring as per the fixed age scale of the National Retirement Pay System have been given the option of the proposed Reformed National Retirement Pay Scheme, giving them the option of pension equal to 50% of their last salary and the actual inflation rate and family pension equal to 60% of the pension. You will get increase in retirement salary and salary. As mentioned above, the State Government's Reformed National Retirement Scheme will be implemented from March 1, 2024 for the employees under National Retirement System.
The benefits of the annuity admissible under the National Retirement System will be applicable to the employees who have retired before March 1, 2024 and have purchased post-retirement annuity from the date of their retirement till February 29, 2024. Retirement holders opting for the reformed National Retirement Pension Scheme will be given pension under the scheme.
Or the contribution period paid directly by the councilor is calculated as per the service period under the scheme. The period for which the member has not paid the contribution will not be counted as service period for the above purposes. If the employee's contribution for the period has not been deducted from his salary, if such contribution is paid by the employee in future along with interest, then the period will be counted as service period for the above purpose.
Since the implementation of the Reformed National Retirement Scheme, it will be necessary to pay the amount withdrawn along with 10% interest from the accumulated fund accumulated under the National Retirement System, otherwise the pension will be admissible to them in that amount.
After completing the necessary action in this regard, the same scheme is applicable to the eligible employees other than the State Government employees, after all the arrangements are made in respect of the State Government employees and other employees, the employees who have retired or will be retired from the National Retirement System on or after March 1, 2024, such employees will be covered under the National Retirement System or If necessary, option will be taken regarding getting benefits under the Reformed National Retirement Scheme. Only employees will be required to pay their contributions to the National Pension System in full. Also, it will be mandatory for the retired employee to pay 60% of the compensation amount received from his accumulated fund to the government. Additionally, 40% of the annuity received from the Annuity Service Provider will be admissible after receiving it from the Government or the retirement salary under the scheme. The methodology with reference to it and the terms and conditions of the scheme will be prescribed and will be issued independently subject to the approval of PFRDA.
The above decision will remain applicable with appropriate modifications in respect of employees of recognized and subsidized educational institutions, non-agricultural schools and non-government aided colleges attached to them and agricultural schools who are members of the National Pension System and have been earning a higher salary as above. Also, this decision will not be applicable to the employees of District Council.
-----0----- Energy Department expanded the scheme to provide unbroken and abundant electricity to farmers in the state on Agricultural Pump Day by expanding the Chief Minister Solar Krushi Vahini Scheme 2.0 to increase its coverage. Cabinet meeting held today Recognition was given. Chief Minister Eknath Shinde would have presided over the meeting.
Mukhyamantri Solar Krishi Yojana 2.0 is being implemented to supply the Krishi Pampana Diwas vegetables to the farmers in the state. Under the mission mode or plan, the targeted increase in solar power generation capacity by 9000 MW, additional 7000 MW and 16 thousand MW decentralized solar power capacity creation by 2025 was recognized. Due to this, the objective of supplying electricity daily to 100 per cent agricultural pump customers in the state will be achieved. For this, recognition was given to continue the promotional financial assistance given under the Chief Minister Solar Krushi Vahini Yojana 2.0.
An additional fund of Rs 2,891 crore has been sanctioned for the maintenance and improvement of Yat-Vis sub-centres, promotional financial assistance, Gram Panchayat incentives and Revolving Fund or economic incentives for the period 2024-25 to 2028-29. Of these, provisions of additional funds worth Rs 702 crore for the year 2024-25 or year were approved.
The state government will provide 30% financial assistance fund (SGF) to the state government under the Central Economic Assistance Fund for the production of additional capacity solar energy and for this, a total of Rs. 10 thousand 41 crores for the period from 2024-25 to 2026-27 or