Scrapping of NPS and revert all officials of Central Government under OPS: Rajya Sabha QA

Scrapping of NPS and revert all officials of Central Government under OPS: Rajya Sabha QA

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES

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RAJYA SABHA
UNSTARRED QUESTION NO. 1479

TO BE ANSWERED ON 15th MARCH, 2022 (TUESDAY)/ PHALGUNA 24, 1943 (SAKA)

SCRAPPING OF NEW PENSION SCHEME

1479. Shri Vishambhar Prasad Nishad,
Smt. Chhaya Verma,
Ch. Sukhram Singh Yadav:

Will the Minister of Finance be pleased to state:

(a) whether State Government of Rajasthan has scrapped New Pension Scheme (NPS) and has announced to revert all officials under NPS to Old Pension Scheme (OPS) on 23/2/2022;

(b) if so, the details thereof;

(c) Whether the Union Government would also scrap NPS and revert all officials of Central Government under OPS on the line of State Government of Rajasthan;

(d) if so, the details thereof; and

(e) if not, the reasons therefor?

ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(DR. BHAGWAT KARAD)

(a) and (b) State Government of Rajasthan in Budget Speech on 23rd February, 2022, announced to implement old pension scheme from the forthcoming year, for all employees appointed on or after 1sst January, 2004

(c) to (e) There is no such proposal under consideration of Government of India

Source: Rajya Sabha