AP Employees: Pension Fund for CPS employees, investment selection options ..! OPS Implementation ..?

Employment and teachers unions in the state have demanded the cancellation of CPS … However, their demand for governments has not been met. CPS Amala is trying to create various forms. Unions of employees and teachers claim that they are severely damaged.

AP Sarkar Latest Order… ..

As part of the latest CPS implementation, the state government has issued an order for employees’ pension fund investment. State Finance Secretary M. Janaki has issued an order to select his fund to CPS employees. Jio no. 9 was released on Tuesday with full details regarding selection. CPS employees have been excluded from their salary in the name of the contributor pension fund. The government will cover another 10 percent.

Decision of employees….

This amount was invested for two years in SBI, LIC and UTI Investment Funds. But now the employee can invest in private investment with private investment. You can change the selection once a year. Pandandi, which has not been selected from any investment, will be invested in default LIC, UTI and SBI Fund.

Employees loving returns with small amounts of risk have been given the opportunity to invest 100 % government securities. Employees loving better returns with high risk have a conservative life cycle fund limited to 25 % SC -25 scheme with maximum exposure for equity. Equity has a medium life cycle fund limited to 50 % LC -50 scheme with maximum exposure.

After September 1, 2004, the contributor pension scheme (CPS) has been introduced for all branches of salary from State Integrated Fund. It includes all rural, local institutions and universities which are part of all levels. In the instructions, the Directorate of trio and accounts has been nominated as a state nodal officer for the scheme. He was also empowered to enter an agreement with NSDL officials.

According to this, the state government has entered into an agreement with the Nodal Officer and NSDL officials for the implementation of CPS. This means that the state government has agreed to fully enroll the National Pension Scheme (NPS), which has brought into the Central Government for all boundaries, guidelines, instructions, regulations and donations.

CPS waste movement in the state …

TDP chief Chandrababu assured that the CPS would be canceled after the partition of the state. But for five years in power, the CPS was canceled. In the 2019 elections, YCP chief YS Jaganmohan Reddy promised to cancel CPS. But he did not do so.

Employment and Teachers Unions are ready to fight CPS and implement the Old Pension Scheme (OPS). On 3 February 2022, Vijayawada led employment and teachers unions. Vijayawada participated in jobs and teachers. The AP government is preparing to set up a committee on CPS. It was in such a way that the division of employees and teachers was also included. Due to this, he gave birth to government jobs and teachers.

On 25 April 2022, the government, who expressed concern about government employees and teachers, set a committee. Committee, Buggana Rajendranath Reddy, Botha Satyanarayana, etc. Kulpuru Suresh and Prabhupada Sajjala Ramakrishna Reddy are members along with the Chief Ministers of the state and the state ministers. The committee has discussed with jobs and teachers unions. Later, the report was suggested by the government. Accordingly, GPS replaced CPS. This has caused employment and teacher unions to worry. There are concerns across the state.

However, in the 2024 elections, TDP assured jobs and teachers. On May 13, 2024, Chandrababu assured the election manifesto Chandrababu and Janaasena’s head Pawan Kalyan assured the jobs and teachers unions. In the joint manifesto of TDP and Jana Army, which was released in the name of Prajagalam, CPS and GPS will be re -accepted and acceptable. But on the day of June (June 12), on the day of GPS, Jeeva number 54 was brought. The Gazette notification was released on the night of July 12. Jobs and unions of teachers are burning on this.

With severe criticism, bio number 54 was withdrawn with the alliance. But the jobs and teachers unions are ashamed that they have spent lemonade on the promise given to them. In addition, CPS Amala is misleading the government looking for new methods. Recent states -ordered orders are also part of it.

Reporting: Jagdiswara Rao Jarajapu, Hindustan Times Telugu.