The Unified Pension Scheme (UPS) for central government employees, effective April 1, 2025, provides an assured pension like the Old Pension Scheme (OPS), but how are they different?

In a nuclear society, senior citizens have the greatest financial need after retirement to fulfil family and social responsibilities with self-respect.

The old pension scheme may be desirable for one class of people, but it will be a disaster for the rest, so not feasible, says Finance Secretary T.V. Somanathan.

NPS was initially launched in 2004 for the government employees to replace the old pension scheme (OPS) before opening it to all citizens in 2009.

The Maharashtra cabinet has approved the old pension system for a select group of state employees who joined their service after November 2005.

Many government employees’ associations have been demanding the restoration of the old pension system, claiming the new pension system is against their interest.

NPS is mandatory for all central and state government employees who joined service on or after January 1, 2004, except the armed forces.

Government employees have called for a mega rally at Delhi’s Ramlila Maidan to revive the old pension scheme (OPS). Learn how the National Pension System (NPS) is different from OPS

Five state government have reverted to the Old Pension Scheme, and the state government employees are now demanding that their contribution to the National Pension System be reimbursed. But the Centre has refused citing Pension Fund Regulatory and Development Authority rules