NPS To OPS
(National Pension System To Old Pension Scheme)
Reversion to Old Pension Scheme from Existing National Pension System – Major demand of CG Employees
Introduction of New Pension Scheme (which is a contributory pension scheme) with effect from 1.1.2004.
“1.1.2004 is a deadline for Central Government Employees – After 2004 NPS – Before 2004 OPS”
Central Government Employees are dividing into two parts based on pension, one part is NPS Employees and another part is OPS Employees.
The main and first demand of CG Employees is now ‘Scrap NPS – Restore OPS’. After 2004 the demand is slowly getting higher tone year by year. Almost 15 years passed, the total strength of NPS subscribers is more than 18 lakh.
New Pension Scheme was implemented to the employees joined on or after 1.1.2004. All Employees Unions and Federations are opposed on that day of implementation and to implement the Old Pension Scheme.
Particularly, the Railway Fedrations AIRF and NFIR, seeking exemption of National Pension System (NPS) and restoration of Defined Benefit Pension Scheme [Liberalized Pension Scheme i.e. Railway Services (Pension) Rules 1993].