Good News For Govt Employees As CM YS Jagan Announces Guaranteed Pension Scheme

Mr. Y.S. Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh (A.P.,) assured that the State Government employees would soon get benefits of AP Guaranteed Pension scheme.

Implemented as the replacement of the Contributory Pension Scheme (CPS,) the new AP GPS scheme would benefit the employees and become a role model for the entire country.  In a meeting with the leaders of the State Employees’ unions, Mr. Y.S. Jagan Mohan Reddy said that the employees would not suffer any loss due to the GPS.

Responding positively to the new scheme, Mr. B. Srinivasa Rao, the President of the Andhra Pradesh Non Government Organizations (NGOs) Association and Mr. Siva Reddy, the secretary of the association, extended gratitude to the CM.

Mr. Srinivasa Rao told reporters after the meeting that they demanded implementation of a pension scheme without contribution from employees but the Chief Minister told them that this will be a burden for the state government.

The Chief Minister directed the officials to implement the cabinet decisions relating to employees within 60 days.

The Chief Minister told them that the employees are part of the government and the people’s welfare depends on employees’ welfare.  Mr. Y.S. Jagan Mohan Reddy said, “The Finance Department has worked hard for the last two years to introduce a good pension scheme for you and solve other problems keeping in mind the welfare of your families for future generations also.”

If an employee retires with a basic salary of Rs. 1 lakh, he would get a monthly pension of Rs. 50,000, but even at the age of 82 also, the retired employee should have good living standards.  Highlighting about the benefits of the GPS, Mr. Y.S. Jagan Mohan Reddy, “For the first time, a good effort was made to do justice to the employees and provide financial security on retirement.  Every year, two DRs would be added to meet the growing inflation.”

About the regularization of contract employees, he said the State Government has also considered the Supreme Court views and judgments to help them. Mr. Y.S. Jagan Mohan Reddy said,  “When the proposal first came to me, it was suggested that completion of ten years of service on the date of bifurcation should be taken as the yardstick for their regularization. But to help the majority of the contract employees, it was reduced to 5 years.”

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