Wednesday, August 12, 2026
Department of Posts Begins Membership Verification of Service and GDS Associations Through Online MVS Portal
Tuesday, August 11, 2026
LOK SABHA QUESTION NO 3456 TO BE ANSWERED ON MONDAY 10th AGUST 2026-SHRAVANA 19.1948 (SAKA)-IMPLEMENTATION OF RECOMMENDATIONS OF THE EIGHTH CPC
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LOK SABНА UNSTARRED QUESTION NO. 3636 ANSWERED ON MONDAY, 10 AUGUST, 2026/ SHRAVANA 19, 1948 (SAKA)-OPS Restoration & NPS: Government Rules Out OPS Revival, Says No Provision to Return Accumulated Corpus to States | OPS बहाली और NPS: सरकार ने OPS पुनर्बहाली से किया इनकार, राज्यों को संचित कॉर्पस लौटाने का प्रावधान नहीं
Admin Tuesday, August 11, 2026
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
LOK SABНА
UNSTARRED QUESTION NO. 3636
ANSWERED ON MONDAY, 10 AUGUST, 2026/ SHRAVANA 19, 1948 (SAKA)
Restoration of OPS 3636. SHRI ADITYA YADAV
Will the Minister of Finance be pleased to state:
(a) the official stance, fiscal calculations, and policy analysis conducted by the Central Government regarding the growing demands from Central and State Government employees for the restoration of the Old Pension Scheme (OPS);
(b) the core structural infirmities, market risks, and annuity deficits identified by employee federations within the current National Pension System (NPS);
(c) whether any high-level review committee has been constituted to modify the NPS to guarantee a defined, inflation-linked minimum pension to employees without burdening State finances and if so, the status of its report; and
(d) the total corpus accumulated under the Pension Fund Regulatory and Development Authority (PFRDA) from Central employees’ contributions as of date?
ANSWER
MINISTER OF STATE FOR FINANCE (SHRI PANKAJ CHAUDHARY)
(a) to (c) The Government had moved away from Old Pension Scheme (OPS) due to its unsustainable fiscal liability on the Government exchequer. The restoration of OPS in the States falls exclusively under State policy discretion. However, Comptroller and Auditor General (CAG), in its recent State Finance Audit Reports, has highlighted the fiscal implications of reversion to OPS by the States. The National Pension System (NPS) is a defined contribution-based scheme which was introduced for Central Government employees (except armed forces) joining service on or after 01.01.2004. With a view of improving upon the pensionary benefits for such employees, a Committee was constituted under the chairpersonship of the then Finance Secretary to suggest measures to modify the NPS. Based on the deliberations of the Committee with stakeholders, Unified Pension Scheme (UPS) has already been introduced, w.e.f. 01.04.2025, as an option under NPS with the objective of providing inflation linked defined benefits with a minimum assured payout of Rs. 10,000/- per month, after retirement to the Central Government employees covered under the NPS. The UPS is a fund-based payout system that relies on the regular and timely accumulation and investment of applicable contributions made by both the employee and the employer (Central Government) to provide an assured monthly payout after retirement.
(d) The total Asset under Management under NPS for Central Government employees as on 26.07.2026 is Rs. 3.65 lakh crores.
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Verification of membership for recognition of Service Associations under CCS(RSA)Rules,1993 and GDS Associations EDA Rules,1995-Calling for application -reg
Verification of membership for Recognition of Service Association under CCS (RSA) Rules, 1993 and GDS Associations under GDS (EDA) Rules, 1995.
Monday, August 10, 2026
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