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No hasty decision on OPS: Punjab Finance Minister Harpal Cheema

Assembly in session
Punjab Finance Minister Harpal Singh Cheema. File

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Punjab Finance Minister Harpal Cheema said the state government would not take a hasty decision on implementing the old pension scheme (OPS) for government employees.

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Speaking during the Budget discussion in the Assembly, he said experiences of other states that introduced the OPS would be carefully studied before taking a final call.

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“Chhattisgarh, which implemented the old pension scheme, has withdrawn it, while Himachal Pradesh and Rajasthan are facing financial difficulties after rolling it out,” he said.

The minister said a committee headed by the Chief Secretary had been constituted to examine the issue.

He said the committee would take a decision only after detailed deliberations to ensure the state did not take a wrong financial path.

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