Reintroduction of Old Pension Scheme
Reintroduction of Old Pension Scheme GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES ***** LOK SABHA UN STARRED QUESTION NO. 4075 TO BE ANSWERED ON AUGUST 10, 2018/SHRAVANA 19, 1940 (SAKA) REINTRODUCTION OF OLD PENSION SCHEME 4075. Shri Rakesh Singh Will the Minister of FINANCE be pleased to state (a) the details of drawbacks of the New Pension Scheme (NPS) introduced for the Government officials; (b) whether the NPS is not as beneficial monetarily as the Old Pension Scheme (OPS) and if so, the details thereof; (c) whether the Government employees are disgruntled with the NPS and if so, the details thereof; and (d) whether the Government proposes to reintroduce the OPS replacing the NPS, if so, the details thereof and the action taken by the Government in this regard? ANSWER The Minister of State in the Ministry of Finance (Shri Shiv Pratap Shukla) (a) & (b) National Pension System (NPS) has been des...