*NPS cancellation- to be discussed in Cabinet meeting : CM Siddaramaiah*

Pragativahini News, Bengaluru :  Chief Minister Siddaramaiah assured that discussion will be held regarding  implementation of the old pension scheme in the cabinet and a decision will be taken to announce it in the budget.

He was speaking to the delegation of office bearers of  NPS employees’ union that met him today urging cancellation of New Pension Scheme.

The CM  said that the employees should work  efficiently to implement the guarantee schemes of the government, and said that they should sincerely work to reach the benefits of the government programs to the people.

Former MLC  V.S.Ugrappa who spoke on the occasion informed that, 2.98 lakh employees are covered under NPS. The pension amount is deposited in NSDL. This amount can be deposited in GPF which can be made available at the time of retirement. He explained that the government should decide to drop the disciplinary action taken against those who took part in Vote for OPS campaign.

NPS has been cancelled in Rajasthan and Chhattisgarh, it should also be canceled in Karnataka and the old pension scheme should be implemented. By canceling NPS, a total of 19,000 crores is available under the scheme which can be used for development programs of the government. 9,000 crores of employees’ share can be converted to GPF and 10,000 crores of government share can be used for development programs, Karnataka State NPS employees’ union president Shantaram Teja explained.

Representatives of Primary School Teachers Association, KPTCL, Health, BWSSB, Revenue and other departments associations were present.