(a) whether the Government proposes to implement old pension scheme for the new Central Government employees;
(b) if so, the details thereof along with the time by which it is likely to be implemented; and
(c) if not, the reasons therefor?
(a) whether the Government proposes to implement old pension scheme for the new Central Government employees;
(b) if so, the details thereof along with the time by which it is likely to be implemented; and
(c) if not, the reasons therefor?
The Minister of State in the Ministry of Finance
(a) to (c): No, Sir. There is no such proposal under consideration of the Government.
The Government made a conscious decision to shift from the Old Pension Scheme to a Defined Contribution Pension Scheme, named as the National Pension System (NPS) due to rising and unsustainable pension bill.
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