The Punjab government in November 2022 announced that all of its employees covered under the National Pension System (NPS) would be given the benefits of the Old Pension Scheme (OPS). Now, in its new notification dated September 13, 2026, the Punjab government has said that while the intent of the November 2022 notification is to provide the OPS to its employees, the nature of the scheme will continue to be the ‘defined contributory pension scheme’.
The state government further said that it is taking an extension of four months where it would comprehensively examine the administrative feasibility, financial implications, and operational modalities for the implementation of the proposed modified pension scheme after thorough examination of recent developments, including the UPS.
