Guaranteed Pension Scheme Andhra Pradesh 2023, GPS Lates News
Guaranteed Pension Scheme Andhra Pradesh 2023, GPS Lates News:-Guaranteed Pension Scheme YSR 2023, aim and benefit, how to apply. The government of Andhra Pradesh has launched the GPS 2023 for the government employees of its state. This scheme of the Andhra Pradesh Government was introduced by the Chief Minister at the start of 2023 but it was not yet approved. Andhra Pradesh cabinet has approved this scheme today.
The Chief Minister of Andhra Pradesh issued an order to announce this scheme on 7th June 2023 during the cabinet meeting. For the last few months, there has been a war between the employees and the government regarding pension schemes. Andhra Pradesh also had a similar atmosphere, but the order to implement the schemes has been issued only after the meeting of the cabinet minister of Andhra Pradesh. Under this guarantee scheme of the Andhra Pradesh Government, what facilities will be provided to the government employees, how much percentage pension facility will be provided to them, apart from this how you can apply for this scheme, you will get all information about this pension scheme 2023 in our article. Stay with us till the end of this article for every aspect related to this scheme.
Guaranteed Pension Scheme Andhra Pradesh 2023
Andhra Pradesh Chief Minister Jagan Mohan Reddy had promised the employees of Andhra Pradesh in 2019 that he would implement this scheme and convert it into GPS scheme; he fulfilled his promise in 2023. AP Chief Minister Jagan Mohan Reddy implemented the Guaranteed Pension Scheme 2023 in his cabinet meeting on Wednesday, 7th June 2023.
This GPS 2023 will ensure a gradual increase in the pension of government employees of Andhra Pradesh. AP Government should ensure that 50% of the pension of the government employee after retirement is pension. The government will regularize the pension of 10,000 employees who have completed 5 years of service before 2nd June 2014. HRA of all current government employees has been increased from the 12 % to 16%. If you are also a government employee, then you can take benefit of this scheme.
AP Guaranteed Pension Scheme Main Key Points
| Article name | GPS |
| Year | 2023 |
| State | Andhra Pradesh State |
| Launched by the | Chief Minister of Andhra Pradesh |
| Launched on | 7th June 2023 |
| Promised to make it in | 2019 |
| Beneficiary | All government employees of AP |
| Aim and benefit | Providing Guaranteed Pension |
| Increasing percentage | 12% to 16% |
| Pension | 50% pension |
| Registration mode | Online/offline mode |
| Official website | To be launched soon |
Benefits Of GPS Scheme Andhra Pradesh
- The main objective of this scheme is to provide benefits of the old pension scheme and the new national pension scheme to the government employees of Andhra Pradesh.
- Under this scheme, all the government employees of the state will be given 50% of their basic salary as a pension.
- 10,000 contract employees of the state have been regularized under this scheme.
- Under this scheme, 6,840 new jobs have been also approved while implementing this scheme.
- Andhra Pradesh Government has approved a budget of RS 200 crore for this scheme.
- The HRA has been increased from 12% to 16% after the launch of this scheme.
- The Old CPS scheme was renamed as the guaranteed AP scheme.
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AP Guaranteed Pension Eligibility Criteria
- AP Government’s Guaranteed Pension Scheme 2023 is not for all people.
- This scheme is only for the government employees of Andhra Pradesh.
- They should be permanent residents of Andhra Pradesh.
Andhra Pradesh GPS New Guarantee Pension Scheme Lates News
No official website has been launched by the government of Andhra Pradesh, and more information has not been given about its application process but for your information, let us tell you that you do not have to apply anywhere for this scheme. It is not required. If you are a government employee, then after retirement you will get this benefit automatically.
If they launch any official website for Guaranteed Pension Scheme Andhra Pradesh or any information, then we will update you as soon as possible. Share your Feedback with us. Thank you, guys.
FAQ
This scheme has been launched on 7th June 2023.
The YSR Andhra Pradesh Govt.