Finance Ministry clarifies Old Pension Scheme benefits will not be extended to central government employees appointed after NPS implementation. Know eligibility details.
Finance Minister Nirmala Sitharaman confirms no proposal to restore Old Pension Scheme for central government employees under NPS; Unified Pension Scheme introduced for assured payouts.
Chandigarh administration adopts Old Pension Scheme for eligible employees under NPS, ensuring fixed pension benefits post-retirement and enhanced financial security.
From August 1, 2025, new government employees in Chhattisgarh will no longer benefit from the Old Pension Scheme, as the state switches to NPS and UPS.
The OLD Pension Scheme has been successfully restored, ensuring better financial stability for retirees across India as the government commits to providing a guaranteed 50% of the last drawn salary as pension.