All you need to know about Andhra Pradesh's Guaranteed Pension Scheme

GPS: The scheme, which was proposed for the first time in April 2022, offers a guaranteed pension of 33 per cent of the last drawn basic pay without any deduction to the state government employees

Amid calls to revert to the Old Pension Scheme (OPS) from various states, Andhra Pradesh's Guaranteed Pension Scheme (GPS) has caught the Centre's eye. According to a report by the Indian Express (IE), the officials are attracted to the scheme because "it combines the elements of both the OPS and the New Pension Scheme (NPS)".

The officials believe the scheme "is interesting", although it needs to be studied in detail.

But what is the Jagananna government's GPS?

The scheme, proposed for the first time in April 2022, offers a guaranteed pension of 33 per cent of the last drawn basic