Business Standard

Politics over pension

States cannot afford a return to the old system

Photo: Shutterstock

Photo: Shutterstock

Business Standard Editorial Comment Mumbai
Last week, Punjab joined Chhattisgarh, Rajasthan, and Jharkhand in jettisoning the National Pension System (NPS) and restoring the Old Pension 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 Pension (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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 22 2022 | 10:43 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to