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27 Mar, 2016 10:37 AM

Lok Sabha Q&A : No proposal to replace NPS with Old Pension Scheme

Lok Sabha Q&A : No proposal to replace NPS with Old Pension Scheme
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA

UNSTARRED QUESTION NO: 1524
ANSWERED ON: 04.03.2016
Replacement of New Pension Scheme



SUKHBIR SINGH JAUNPURIA
Will the Minister of FINANCE be pleased to state:-

(a) whether the Government proposes to replace the New Pension Scheme (NPS) with old pension scheme; and

(b) if so, the details thereof and the reasons therefor?

ANSWER

The Minister of State in the Ministry of Finance

(a) & (b) there is no proposal under consideration to replace the National Pension System (NPS) with old pension scheme in respect of Central Government employees recruited on or after 01.01.2004.



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