Andhra Pradesh govt to implement new pensions scheme for govt employees

Amaravati: The Andhra Pradesh government has proposed a new pension scheme for government employees in the name of a guaranteed Pension Scheme, replacing the contributory pension scheme (CPS).

The AP Cabinet which met here on Wednesday gave the nod



for draft GPS.

It also approved setting up new 12th PRC for government employees and implementing 2.73 per cent DA with arrears from January 1, 2022. The HRA for those working in district headquarters has been hiked from 12 per cent to 16 per cent.