The Chhattisgarh government has written a letter to the Pension Fund Regulatory and Development Authority (PFRDA) asking it to refund the money deposited towards the National Pension System (NPS) since November 2004 along with accruals, officials said on May 21.
In a letter to the Chairman of PFRDA, New Delhi on Friday, State's Finance Secretary Alarmelmangai D. said the Chhattisgarh government has decided to reinstate the old pension scheme (OPS) and therefore, the demand is being made to implement the decision.
After the State Cabinet approved the decision to restore the OPS that was effective before November 1, 2004, a gazette notification was published in this regard. The monthly contribution of employer and employee to the NPS accounts of employees has also been stopped with effect from April 1 this year, the letter stated.
