Should States revert to the Old Pension Scheme?
The National Pension Scheme was launched in 2004. While the older pension scheme offered defined benefits to all government employees without any contribution on their part, the NPS requires employees to contribute a sum throughout their working years. Editorial | The old and the new: On the demand for the Old Pension Scheme The States trying to revert to the OPS are also fiscally badly managed States — historically, lest it be construed as a comment on the current government. Rohit Azad: My suggestion would actually be guaranteed pension similar to the OPS which is 50% of your last pay drawn, which is inflation indexed, but with contribution from the employees. Comment | The old pension scheme as a burden on the poor Praveen Chakravarty: Like I said earlier, this is a State subject.
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