Rajasthan govt rewinds to guaranteed pension scheme in poll season

The move may encourage other state governments to go back to the old pension scheme as well, according to analysts

Rajasthan on Wednesday reverted to the old scheme to provide guaranteed pension to state government employees. With this announcement in the state Budget, the 18-year-old contributory ‘New Pension Scheme’ comes to an end.

With Assembly elections due next year in Rajasthan, this was the last full Budget presented by the current Congress-led government.

“We all know that employees associated with government services should feel secure about future, only then can they make invaluable contribution towards good governance during the service period. Therefore, I announce that for all employees appointed after January 1, 2004, I will implement the old pension scheme