Central government’s big decision on OPS, stance on old pension scheme clarified in Parliament

Knews Desk– Discussions are going on among central employees and pensioners across the country regarding the 8th Pay Commission. Meanwhile, the Central Government has given a big statement in the Parliament clarifying its stand regarding the Old Pension Scheme (OPS). The government has clearly said that at present there is no plan to re-implement the old pension scheme for central government employees. There is no proposal under consideration. After this statement, lakhs of employees who were hoping for the restoration of OPS have got a big shock. In response to a question asked in the Parliament, the Minister of State for Finance Pankaj Chaudhary Said that the Central Government has no proposal to re-implement the old pension scheme. He said that the government has been making reforms in the National Pension System (NPS) from time to time and several steps have been taken to address the concerns of the employees. The government will take care of the interests of the employees in future also, but at present there is no plan to re-implement OPS.

This response of the government is also being considered important because in recent months many employee organizations had intensified their demand for restoration of the old pension scheme along with the formation of the 8th Pay Commission. He believes that if the Pay Commission can recommend changes in the salaries and allowances of employees, then the pension system should also be considered. However, it has become clear from the latest statement of the government that the possibility of return of OPS with the 8th Pay Commission is very less at present.

The demand of employees regarding the old pension scheme has been going on for a long time. Under OPS, government employees used to get fixed pension on the basis of last pay after retirement. At the same time, National Pension System (NPS) is a market-based system, in which the returns depend on the stock market and investment performance. For this reason, many employees feel insecure about their future income and have been demanding the restoration of OPS. In recent years, many states have also decided to implement the old pension scheme for their employees, after which the pressure on the Central Government to take steps in this direction increased. However, the Central Government says that continuous improvements are being made in NPS so that the employees can get better social security. In this sequence, the Government has Unified Pension Scheme (UPS) Has also been announced. The government claims that UPS aims to give employees more financial security after retirement. The government believes that the new arrangement attempts to maintain a balance between the interests of employees and the financial stability of the country.

Now the eyes of central employees are completely 8th pay commission Are resting on. He is hopeful that the Commission will recommend many important changes related to salary, dearness allowance, allowances and pension. However, after the government’s reply in Parliament, it has become almost clear that the return of the old pension scheme is not on the agenda at present. In such a situation, the most important issue for the employees in the coming time will be the recommendations of the 8th Pay Commission. At present, the stance of the Central Government is clear that reforms in the existing pension system will continue, but There is no plan to re-implement the Old Pension Scheme (OPS).