New Pension Scheme(NPS) Vs Old Pension Scheme(OPS) Various questions asked in Parliament regarding Old and New Pension Schemes on 10th August 2018 and the Minister replied for the questions are given below… GOVERNMENT OF INDIA MINISTRY OF FINANCE LOK SABHA UNSTARRED QUESTION NO: 4075 ANSWERED ON: 10.08.2018 Reintroduction of Old Pension Scheme RAKESH SINGH Will … Read more
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 … Read more
Reversion to old pension scheme Ministry of Personnel, Public Grievances & Pensions Reversion to old pension scheme In accordance with the scheme for National Pension System (NPS), as notified vide Ministry of Finance (Department of Economic Affairs)’s Notification No. 5/7/2003-ECB & PR dated 22.12.2003, the System is mandatory for all new recruits to the Central … Read more
Old Pension Scheme to Casual Workers Regularized on or after Jan 2004 – CPAO Procedure for extending the benefits of Old GPF / Pension Scheme to those casual workers covered under the Scheme of 1993 and regularized on or after 01.01.2004 CPAO/IT&Tech/Clarification/P&PW/13 (Vol-III)/2018-19/68 13.07.2018 Office Memorandum Subject :- Procedure for extending the benefits of Old … Read more
7th Pay Commission expressed its regret about transition from OPS to NPS 7th Pay Commission expressed its regret about transition from Old Pension Scheme to New Pension Scheme in its report. 2004-2011 Entrants : Government employees who have joined service between 2004 and 2011 have suffered due to delay in finalizing the structure of the … Read more