Demand for Old Pension Scheme

Recently, many states in India have been raising their demands for restoration of old pension scheme for government employees.

About Old Pension Scheme

  • In the old pension regime, pension was 50% of the last drawn salary of the employee and the entire amount was paid by the government.
  • The OPS income was not taxable and the employee was entitled to inflation-linked dearness relief every six months.
  • The scheme was discontinued on April 1, 2004, and replaced with the National Pension Scheme.

National Pension Scheme (NPS)

  • Project Oasis (old age social and income security) report (1999) ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy January 2023 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Public Policy