Odisha officer diverts teachers’ pension funds to share market, arrested
The accused later dishonestly transferred the entire amount to a private account for investment in the share market, said vigilance sleuths.
The accused later dishonestly transferred the entire amount to a private account for investment in the share market, said vigilance sleuths.
Exactly twenty years after it was introduced, the participants in the New Pension Scheme (NPS) are feeling the pinch. Neither the government, nor the trade unions, nor even the beneficiaries - the employees of state and central governments - heeded the economists' hints and analytical advice at that time.
A national convention of unions and associations of Central and state government employees is being held in the National Capital on Saturday to decide the future course of action against the government.
“The aim of the government is to provide social security to all. Affordability of OPS expenditure will be achieved through financial discipline and cutting down on expenses,” said Sukhvinder Singh Sukhu.
Other NPS subscribers having a specified corpus at the time of retirement or attaining the age of 60 years need to buy an annuity
The NPS is for the government, autonomous bodies, and corporate sector.
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