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21 Jun, 2021 09:58 PM

15. Item No. NC-48/ 10/21 Withdrawal of New Pension Scheme (NPS) and restoration of Defined Pension Scheme under CCS(Pension) Rule 1972 to the employees who are recruited on or after 1.1.2004 at par with Armed Forces Personnel

15. Item No. NC-48/ 10/21 Withdrawal of New Pension Scheme (NPS) and restoration of Defined Pension Scheme under CCS(Pension) Rule 1972 to the employees who are recruited on or after 1.1.2004 at par with Armed Forces Personnel

 

Scrap-ping NPS (New Pension System) and bringing all Central Government Employees under the fold of old pension Scheme. The Staff Side has informed that the monthly pension amount being received under the Insurance Annuity Scheme under NPS varied from Rs. 700/- to Rs. 3000/- per month to those NPS employees who have already retired from service during 2018-19 after completing 14 to 15 years of service under the Old Scheme the minimum pension to lowest paid employees is Rs.9000/ – per month. Pension is a welfare measures that ensure social justice. After retirement there is no DA/DR no pension revision under the NPS. There is no GPF but only voluntary deposit in tier-II account. No family pension on death, etc. The Staff Side has requested to scrap NPS (New Pension Scheme) and restore OPS (Old Pension Scheme) to all Central Government employees as NPS employees are not getting 50% of their last pay as pension.




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