Jammu, March 6 -- The pension bill of the Jammu and Kashmir government is set to double in the 10-year period between 2020-30, with approximately 2.48 lakh retired employees being paid allowances, officials said.
The Jammu and Kashmir administration also said there is no proposal under consideration to revive the Old Pension Scheme (OPS), asserting that it would be fiscally unsustainable in the long run and could pose significant risks to financial stability.
As per official data of the government, Rs 5,829 crore were paid as pension to retired employees in 2020-21 and the figure is set to go up to Rs 11,798 crore in 2030-31. This is as per a government reply to a cut motion in the Jammu and Kashmir assembly recently.
The year-wise pensi...