Page 2 - New Pension Scheme
Centre notifies committee on pension schemes for govt employees
The panel will devise its own procedure and mechanism, including consulting with the states, to arrive at its recommendations
 "Centre notifies committee on pension schemes for govt employees")
States switching to OPS incurring less proportion of earnings on pension
The state used to spend a proportion of its revenue receipts on pension expenditure in double digits in 2019-20 and 2020-21
 "States switching to OPS incurring less proportion of earnings on pension")
Govt will set up a committee to review pension scheme: FM tells Parliament
Employees from several states have been demanding a change in the current pension system. Some states, including Rajasthan, Chhattisgarh, Jharkhand have already switched back to the old pension scheme
 "Govt will set up a committee to review pension scheme: FM tells Parliament")
Fresh public sector employment declined in 2022 by 8.8%, shows data
The share of young women getting these jobs, however, declined to 35.4 per cent in 2022, from 37.1 per cent in the preceding year, contrary to the trend seen at the Centre
 "Fresh public sector employment declined in 2022 by 8.8%, shows data")
Can minimum guaranteed scheme in NPS assure states to not go back to OPS?
Under OPS, there is no defined contribution from employees but there is assured pension. However, NPS has defined contribution but no assured returns in terms of some proportion to last drawn salary
No provision to refund accumulated corpus under NPS to state govt: FinMin
MoS for finance says five states have reverted to Old Pension Scheme for their staff
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
 "All you need to know about Andhra Pradesh's Guaranteed Pension Scheme")
Return to OPS triggers NPS subscriber dip in states, shows NSO data
Only 285,226 new state government employees joined the NPS, as compared to 321,255 subscribers in the corresponding period last year
 "Return to OPS triggers NPS subscriber dip in states, shows NSO data")
Himachal Pradesh restores old pension scheme for 136,000 employees
The just over a month old Congress government in Himachal Pradesh on Friday fulfilled a key poll promise, with the Cabinet, at its first meeting, deciding to provide OPS to all government employees
 "Himachal Pradesh restores old pension scheme for 136,000 employees")
Chhattisgarh gives govt employees option to choose between OPS, NPS
As the Centre has refused to refund the money deposited towards the New Pension Scheme (NPS), the Chhattisgarh government has given an option to all govt employees to choose between the OPS and NPS
NPS guaranteed return product to have floating rates, reset every year
Guarantee benchmarked to the rate of return on ten-year government security
 "NPS guaranteed return product to have floating rates, reset every year")
Coal pensioners protest in capital, demand review of pension scheme
Agitators seek dearness relief as scheme component to ensure equitable pension; want adherence to provisions of CMPS 1998 on review and revision of pension every three years
 "Coal pensioners protest in capital, demand review of pension scheme")
Old pension scheme: Is politics trumping economics?
The pension reform had the backing of both BJP and Congress. Now, the political parties are using it as a tool to gain power in certain states. While this may be good politics, is it good economics?
 "Old pension scheme: Is politics trumping economics?")
Govt employees' pension: 'Old versus new' debate gathers momentum
Reverting to OPS is being considered an easier option from a political standpoint, but could financially stress the states
 "Govt employees' pension: 'Old versus new' debate gathers momentum")
Govt employees' pension: 'Old versus new' debate gathers momentum
Reverting to OPS is being considered an easier option from a political standpoint, but could financially stress the states
Welfare schemes galore in Rajasthan's budget, but are they sustainable?
Like most other state budgets, Rajasthan's appears to have been crafted with one eye on the polls, while side-stepping on the issue of resources available to finance its programmes
 "Welfare schemes galore in Rajasthan's budget, but are they sustainable?")
Chhattisgarh becomes first state to restore old pension scheme: Report
The government issued a notification saying that the old pension scheme will be effective from April 1, 2022
NPS to include assured returns; new products likely to come in August
The NPS has offered higher returns so far than other schemes
 "NPS to include assured returns; new products likely to come in August")
Rajasthan govt move to replace NPS with Old Pension Scheme sparks debate
The promise by the SP and the BSP in the ongoing Uttar Pradesh Assembly elections that they will revive the Old Pension Scheme (OPS) was dismissed as a political rhetoric by many
 "Rajasthan govt move to replace NPS with Old Pension Scheme sparks debate")
Proposed NPS tweaks will offer greater flexibility, say analysts
But systematic withdrawal plan carries risk that retirees may overdraw
 "Proposed NPS tweaks will offer greater flexibility, say analysts")
