( What is Andhra Pradesh Guaranteed Pension Scheme 2023 | Jagan Mohan Reddy Pension Scheme Model | How it’s different from OPS and NPS | Benefits of GPS (Guaranteed Pension Scheme) | All you need to know about Andhra Pradesh’s Guaranteed Pension Scheme )
Andhra Pradesh GPS Pension Scheme 2023: Friends as we know that last few months there is like a war on Pension Scheme. Central Government starting NPS (National Pension Scheme) while opposition party reverting on Old Pension Scheme (OPS). At that time Government of AP launch their own GPS Pension Scheme it means Guaranteed Pension Scheme. This new Pension Scheme of Jagan Mohan Reddy Government is under discussion now a days.
Today in this KhetiNiDuniya’s article we are going through all about Guaranteed Pension Scheme of Andhra Pradesh along with What is Guaranteed Pension Scheme and how much returns will get employees of Andhra Pradesh. So we request you to read this article at the end. Let’s Start.
What is Guaranteed Pension Scheme (GPS) of Andhra Pradesh?
Andhra Pradesh Guaranteed Pension Scheme launched by CM Jagan Mohan Reddy on April, 2022. This GPS (Guaranteed Pension Scheme) is a combination of OPS and NPS. It means GPS is made out from some of National Pension Scheme and some part of Old Pension Scheme. Rather than this GPS is also provide good returns to the state employees than NPS. In the Andhra Pradesh’s Guaranteed Pension Scheme employees can get up to 40% of their last drawn salary. Let’s get Quick Look of Jagan Mohan Reddy Pension Scheme Model.
Overview – Jagan Mohan Reddy Pension Scheme Model 2023
|🟠 Scheme Name||🟢 Guaranteed Pension Scheme (GPS)|
|🟠 Launched By||🟢 CM Jagan Mohan Reddy|
|🟠 Launched In||🟢 Andhra Pradesh|
|🟠 Launched On||🟢 April, 2022|
|🟠 Launched For||🟢 AP State Government Employees|
|🟠 Purpose||🟢 Provide high return to the state government employees|
|🟠 GPS Made from||🟢 OPS + NPS|
|🟠 Telegram Channel||🟢 Click Here|
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Objective of AP GPS Pension Scheme
One of the main objective to starting guaranteed pension scheme of Andhra Pradesh is to provide more returns to the state employees. One another aim to launch Jagan Mohan Reddy pension scheme model is provide pension to the employees on another way not like old pension scheme or National pension scheme. This Jagan Mohan Reddy pension scheme model also delivered to the central government and it will captured attention of the centre Government.
How Guaranteed Pension Scheme (GPS) will work? (Important Points of Jagan Mohan Reddy Pension Scheme Model)
friends guaranteed pension scheme of Andhra Pradesh is the name suggest in this pension scheme State Government employees will get guaranteed pension of 33% of the last drawn salary of the employee. If any Government employees want to get 33% return he/she would need to contribute 10% of their basic salary in a month. It means if any State Government employee except to contribute 10% of their basic salary then he or she would get guaranteed 33% pension return.
if the State Government employees want to get up to 40% then he or she will be contributed a 14% of there last drawn salary. If State Government employees shares 10% from their monthly salary then Andhra Pradesh State government also provides same share of amount to the Employees.
friends as per the Indian Express report, Andhra Pradesh Guaranteed pension scheme model already captured eye of the central government. We didn’t say finally that Jagan Mohan Reddy pension scheme model is reached or not to the central government finance minister. As per the media reports contributory pension scheme (CPS) is not dependent on market value.
Jagan Mohan Reddy Pension Scheme Model Details 2023: we explained all the details what you want to know in easy language. If you want to know more about other government schemes then you must visit KhetiNiDuniya’s home page. Where you can find State Wise list of government schemes in “Govt Yojana” Section. Friends if you want to get updates regularly on govt schemes then you must be part of our Telegram Channel or WhatsApp Groups. Because we post updates regularly on these platforms.
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FAQs: AP GPS Pension Scheme 2023
Que: What is Jagan Mohan Reddy Pension Scheme Model?
Ans: Friends this Pension Scheme was launched by CM Jagan Mohan Reddy of Andhra Pradesh. In which if state government employees would share 10% of their basic salary then they will get 33% pension. If you want to know more than you can read this article.
Que: When Guaranteed Pension Scheme Model was launched?
Ans: Friends this pension scheme model was launched on April, 2022.
Que: From which Guaranteed Pension Scheme of AP would be originated?
Ans: National Pension Scheme + Old Pension Scheme
Que: Which Pension Scheme launched in Andhra Pradesh?
Ans: Friends, now a days there are National Pension scheme and some other States have Old Pension Scheme but Guaranteed Pension Scheme in Andhra Pradesh.