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Central Govt Rejects the Demand to Scrap NPS

September 26, 2018 admin Leave a Comment

Central Govt Rejects the Demand to Scrap NPS

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.

Check all news about Old and New Pension Scheme for CG Employees

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.

This information was provided by the Minister of State in the Ministry of Finance Shri. Shiv Pratap Shukla in written reply to a question in Rajya Sabha on 24.7.2018.

Source: Confederation

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Filed Under: New Pension Scheme, NPS

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Cabinet Approves 4% Dearness Allowance to Central Government employees

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March 25, 2023 By Ekanathan Leave a Comment

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Any proposal to raise the Child Education Allowance from 27000 to 60000 for Central Government employees

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