Find less costly ways to address pension concerns instead of OPS, says Raghuram Rajan

NEW DELHI: Former RBI governor Raghuram Rajan has expressed his concern over the decision of some states to restart the old pension scheme and suggested that some less costly ways should be found to address the demands of government pensioners.

Rajan further said the old pension scheme does involve massive future outlays because of the indexation of pensions to current salaries.