OLD PENSION SCHEME: The Old Pension Scheme is like a special savings scheme for government employees. Even after stopping working, they get some money from the government every month. This helps them to get enough money to live the rest of their life.
In the state of Uttarakhand, all the teachers who were holding the post of Principal in the college and now time for their retirement. Under this, they will be provided the benefits of the old pension scheme.
If you are also a principal in a college in the state of Uttarakhand, then you need to know what type of teachers are being given the benefit of the old pension scheme and what eligibility criteria have to be fulfilled under this scheme.
Eligibility OF Old Pension Scheme
All teachers in Uttarakhand will not get a special pension scheme from the Higher Education Department. Only teachers who fulfill certain conditions will be able to get this special benefit:-
Details regarding the old pension scheme have been sought from the teachers of Uttarakhand state, hence the benefits of the old pension scheme will be available only for this state.
This scheme is available by the Higher Education Department only for those candidates who are selected based on pre-release of 2005.
Teachers who have been teaching for 10 years can choose to remain in the old pension scheme if they wish.
But if someone has started working as a teacher after 2005, then he will not be able to join the old pension scheme.
Benefits more than 6000 employees
More than 6000 teachers in the state of Uttarakhand are getting the benefits of the old pension scheme. All these teachers will be required to send their details to the Higher Education Department during the stipulated time.
Benefit of dearness allowance
For college principals appointed before October 1, 2005, the Higher Education Department will not only add them to the old pension benefits, but they will also get the benefit of dearness allowance. All employees get the benefit of a dearness allowance.
Now teachers who are about to retire will not need to worry about their income as they will be given half the amount under the old pension and dearness allowance will be increased twice a year.
Employees will be given benefits soon
According to the letter issued by the Higher Education Department, all the employees are required to send their details to the Directorate during the stipulated time. Thereafter, after completing their details, the process of getting the benefits of the old pension scheme will be started.
