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Politics over pension

States cannot afford a return to the old system

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pension scheme | Business Standard Editorial Comment | pension

Business Standard Editorial Comment  |  Mumbai 



Last week, Punjab joined Chhattisgarh, Rajasthan, and Jharkhand in jettisoning the National System (NPS) and restoring the Old Scheme (OPS). Tamil Nadu, Kerala, and Andhra Pradesh are reportedly considering similar moves. The Congress and Aam Aadmi Party, fighting Assembly elections in Gujarat and Himachal Pradesh, have promised to revert to the OPS if voted to power. As with the demand for One Rank One (OROP) by retired service personnel, the return to the OPS is being driven by serial protests among government employees who prefer the visibility of a defined- or assured-benefit scheme such as the OPS over the relative opacity of the defined-contribution .

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First Published: Tue, November 22 2022. 22:43 IST

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