Business Standard

Govt employees' pension: 'Old versus new' debate gathers momentum

Reverting to OPS is being considered an easier option from a political standpoint, but could financially stress the states

pensions, funds, retirement, investments, investors, savings
Premium

The pension regulator, PFRDA, is also in the process of introducing a product that would give assured returns under NPS

Indivjal Dhasmana New Delhi
A debate on comparative advantages of the old pension system (OPS) and the new pension system (NPS) have resurfaced again after the debt-stressed Punjab government said it is considering reverting to the former. The Chhattisgarh and Rajasthan governments have already embraced OPS.

Besides, the Congress too promised voters in Gujarat on Monday that it would replace NPS with OPS if voted to power in the state assembly elections, due later this year. And on Tuesday, Delhi Chief Minister and Aam Aadmi Party (AAP) national convener Arvind Kejriwal also made the same promise while addressing a town hall meeting in Vadodara.

While

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

First Published: Sep 20 2022 | 2:54 PM IST

Explore News

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

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com