The Centre on Wednesday informed Lok Sabha that there is no proposal to increase the time limit for central government employees to switch from the National Pension System to the old pension scheme, the government said on Wednesday.
NPS is mandatory for all new recruits in the central government service from January 1, 2004 (except the armed forces), MoS Jitendra Singh said in a written reply.
The NPS was introduced for central government employees in 2003.
The time limit for submission of option by employees was August 31, 2023, while the time limit for examination and decision on the option by appointing authority concerned was November 30, 2023, he added.
There is no proposal to issue any further instruction with respect to the order issued on March 3, 2023, the minister said.
On March 3, 2023 the Centre offered a one-time window to the central government civil employees to switch from the National Pension System (NPS) to CCS (Pension) Rules, 1972 (now 2021), which was popularly known as the old pension scheme.
🕑 12 Jun, 2025 08:12 AM
8th Pay Commission: Uncertainty Looms as Employees Await Terms of Reference
🕑 24 Apr, 2025 10:21 PM
Staff Side constitutes panel for drafting memorandum to 8th CPC when formed
🕑 24 Apr, 2025 10:17 PM
8th Pay Commission likely to be set up by mid May
🕑 09 Apr, 2025 10:27 AM
Loan EMIs to get Cheaper as RBI cuts Repo Rate sgain | See the benefit
🕑 04 Apr, 2025 04:49 PM
AICPI-IW declines again, may affect DA hike in July 2025
🕑 02 Apr, 2025 08:27 AM
8th Pay Commission update: Standing Committee of NC-JCM to meet on April 23
🕑 02 Apr, 2025 08:11 AM
Holiday declare for 14th April, 2025 – Birthday of Dr. B.R. Ambedkar
🕑 09 Jun, 2025 08:25 AM
📢 UPS vs NPS: The Retirement Dilemma Facing 27 Lakh Government Employees
🕑 04 Apr, 2025 04:46 PM
NPS To UPS Switch from April 1: A Detailed Look at the Option to Switch
🕑 30 Mar, 2025 11:01 AM
8th Pay Commission implementation may get delayed till 2027 – Here’s why
🕑 27 Mar, 2025 10:25 PM
7th CPC wanted a permanent pay panel, end DA revision twice
🕑 27 Mar, 2025 08:43 AM
8th Pay Commission: What Kind Of Salary Hike Can Be Staff Expected?
🕑 20 Mar, 2025 08:24 AM
Why the commuted pension is restored after 15 years, not 12 years
🕑 17 Mar, 2025 08:37 AM
📈 Expected Dearness Allowance (DA) from January 2026 Calculator
