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The Times of India
The Times of India
Business
PTI

Money in NPS belongs to people, can't go back to state govts as per law: Nirmala Sitharaman

Nirmala Sitharaman NPS Bhupesh Baghel SHIMLA Himachal Pradesh OPS

SHIMLA: Finance minister Nirmala Sitharaman on Thursday said the money in the National Pension Scheme (NPS) belongs to individual contributors and as per law, state governments cannot get it back.

Responding to queries on restoration of the old pension scheme (OPS), Sitharaman clarified at a press conference that Rajasthan and Chhattisgarh governments that are asking the Centre to return the money, cannot get it back as per law.

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