CENTRAL GOVT EMPLOYEES NEWS

Quick updates for CG Staff and CG Pensioners


Not Possible to Revert Back to Old Pension Scheme

Not Possible to Revert Back to Old Pension Scheme

It is not possible for the government to revert back to old pension scheme – Minister replied in Parliament on 24.7.2018

Abolition of Contributory Pension Scheme

Representations have been received from various Associations of Government Employees on the problems being faced and the demand to withdraw the National Pension System (NPS).

The 7th Central Pay Commission (CPC) also in its report examined the issues related to NPS and made recommendations for addressing these issues. Pursuant thereto, it was decided to constitute a Committee of Secretaries to suggest measures for streamlining NPS. The Committee has submitted its report.

Due to rising and unsustainable pension bill and keeping in view of fiscal imperatives, it is not possible for the government to revert back to old pension scheme.

Related posts:

  1. SCRAPPING OF NEW PENSION SCHEME
  2. Reasons for removing Pension Scheme from April 2003
  3. ONE MORE CLARIFICATION REGARDING NJCA’s STAND ON NEW PENSION SCHEME (NPS)
  4. NJCA Resolution – 7th CPC Revision of Minimum Wage, Fitment Formula and Contributory Pension Scheme
  5. Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS)
  6. Exemption of Railway employees from New Pension Scheme/National Pension System (NPS) – NFIR writes to Railway Board on 24th October 2015
  7. NPS To OPS: New Pension Scheme Demand To Scrap It
  8. Revised format for Pensioners’ Identity Card for Persons retiring under New Pension Scheme
  9. Amendment to the investment Guidelines (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana)
  10. Scrapping of New Pension Scheme

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *