Rajasthan govt move to replace NPS with Old Pension Scheme sparks debate

The promise by the SP and the BSP in the ongoing Uttar Pradesh Assembly elections that they will revive the Old Pension Scheme (OPS) was dismissed as a political rhetoric by many

Rajasthan government's announcement on replacing the new pension system (NPS) with the old pension system (OPS) has ignited the debate on the two sets of old-age safety nets which many thought was a settled issue.

It's not that the unions have not been demanding restoration of the old pension system, but people thought that it was just a demand which would never be met. In fact, the promise by the Samajwadi Party and the Bahujan Samaj Party in the ongoing Uttar Pradesh Assembly elections that they would revive the OPS was also dismissed by many as political rhetoric.