Education minister backs new pension scheme

Shillong, April 22: The Meghalaya Non-Government Schools and Colleges Employees Centralised Fund Scheme, 2026 will streamline a long-pending legacy issue, Education Minister Lahkmen Rymbui said on Wednesday.

Responding to stakeholders of deficit schools and colleges’ opposition to the pension scheme, the minister said, “The intention of the government is to always see that whatever the legacy issues… we have the will to streamline…,” Rymbui said.

Giving an update on the process of pension scheme, he said, “Whatever notification and guidelines, which the government has issued recently on the pension scheme for non-government deficit teachers is being approved by the finance department and also approved by the cabinet.”

Making it clear that the scheme is not new, he said, “This is a long pending issue. I am very thankful to the Cabinet that we have taken this decision and this is so to say one of the initiatives which we try to streamline the legacy issue…”

On the opposition from stakeholders, the minister said, “I don’t know what is the issue, which the teachers or the stakeholders are opposing… we will have to see. Whatever we do is within the legal parameters. I cannot comment more than that.”

Rymbui added that the State Bank of India has been appointed to manage the scheme.

“We have already appointed the lead bank to manage this scheme, which is SBI. We have instructed the different stakeholders to have PRAN account number… they have done that,” he said and assured “if there is any issue while implementing it, we will see.”

He informed that the cabinet meeting in April decided to implement the scheme.

“As I said it is a long pending issue which successive governments could not take but this government could take,” he reiterated.

On funds already deposited, Rymbui said, “There is some money which is deposited by the stakeholders which is lying with the central provident fund and this fund has been transferred to the State Bank of India.”

He added that implementation issues would be addressed.

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