The fluctuating share market is not only making the serial investors worried, but also a lot of central government employees as a large part of their National Pension System (NPS) retirement corpus is invested in market-linked assets. With many NPS pensioners set to retire from 2033 onwards, some employee bodies are now demanding assured pensions in NPS under the 8th Pay Commission.
In a memorandum submitted to the 8th CPC on Sunday, the All India NPS Employees Federation (AINPSEF) has proposed a minimum assured pension equal to 50% of the last-drawn salary plus dearness allowance (DA).
