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.
Check all news about Old and New Pension Scheme for CG Employees
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.
This information was provided by the
Minister of State in the Ministry of Finance Shri. Shiv Pratap Shukla in
written reply to a question in Rajya Sabha on 24.7.2018.
