New Pension Scheme

Karnataka: New Pension Scheme for teaching and non teaching staff in medical education department

Medical Education Minister, Karnataka, Dr. K. Sudhakar, announced the approval of Karnataka government to bring the teaching and non-teaching staff in the Medical Education Department under the New Pension Scheme. Considering the crucial service provided by the doctors in the covid crisis, government agreed to sanction the scheme keeping aside the financial crunch faced by the government due to the pandemic. Around 5,949 medical staff working on permanent basis in 27 institutes will be benefited under the scheme.

Scheme Overview:

Scheme name: New Pension Scheme
Scheme Under: Karnataka Government
Announced by: Medical Education Minister, Dr. K. Sudhakar
Launch Date: August 27, 2020
Beneficiaries: Teaching and Non-Teaching Medical staff working on permanent basis
Major Objective: To provide financial assistance/security in the form of pension to the beneficiaries

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Scheme Objectives and Benefits:

  • The main objective of the scheme is to provide financial assistance by the way of pension
  • It aims to provide benefit to all the permanent staff in government affiliated medical, dental colleges and super specialty hospitals
  • The scheme will provide the pension benefit to about 5949 employees across the state
  • Under this scheme a financial security will be provided to the medical staff for post-retirement phase.

Key Points:

  • A delegation of members of Medical Education department put forth a memorandum for implementing the New Pension Scheme
  • The memorandum was submitted to the Medical Education Minister, Dr. K. Sudhakar.
  • He submitted this proposal to CMO Karnataka, B.S. Yediyurappa, wherein he approved and forwarded it to the Finance department.
  • Finance department examined and approved the scheme
  • Under the scheme, 5,949 Teaching and Non-Teaching staff working on permanent basis will be covered
  • Out of 5,949, 2,061 staff are on AICTE approved posts and 3,888 are on Non-approved posts in government affiliated medical, dental colleges and super specialty hospitals
  • The staff whose service regularized after April 1, 2006 will be benefited under the scheme
  • Additional expenditure of the government on the scheme is about Rs. 77.27 crores
  • Government decided to borne the financial crunch even after being economically affected in the pandemic, considering the service of Doctors as warriors in the current covid crisis.
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