It is not possible for the government to revert back to old pension scheme – Minister replied in Parliament on 24.7.2018
Abolition of Contributory Pension Scheme
Representations have been received from
various Associations of Government Employees on the problems being faced
and the demand to withdraw the National Pension System (NPS).
The 7th Central Pay Commission (CPC)
also in its report examined the issues related to NPS and made
recommendations for addressing these issues. Pursuant thereto, it was
decided to constitute a Committee of Secretaries to suggest measures for
streamlining NPS. The Committee has submitted its report.
Due to rising and unsustainable pension
bill and keeping in view of fiscal imperatives, it is not possible for
the government to revert back to old pension scheme.
