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

The government is reportedly considering amending the National Pension System by the end of the year to ensure that employees get at least 40-45 per cent of their last drawn salary as retirement payout

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

The Reserve Bank of India has advised states against reverting to the Old Pension Scheme, as it will impose a financial burden 4.5 times higher than that on the existing National Pension System

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

Many non-BJP-ruled states have already dumped the new pension scheme (NPS) and have demanded that the central government refund the accrued NPS corpus

The Centre has extended a one-time opportunity to select government employees to switch from the new pension scheme to the old pension scheme. But once opted, they cannot reverse to NPS again

Government sector subscribers will not be allowed to partially withdraw from their NPS account through self-declaration. They will have to mandatorily make such partial withdrawal requests through their associated nodal offices, according to a circular by the Pension Fund Regulatory Development Authority