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The Economic Times
The Economic Times

No proposal under consideration for restoration of Old Pension Scheme: MoS for Finance Pankaj Chaudhary

Pankaj Chaudhary Finance Central Government NPS National Pension System the National Pension System OPS

New Delhi: There is no proposal under consideration for restoration of the Old Pension Scheme (OPS) due to its unsustainable fiscal liability on the Government exchequer, Minister of State for Finance Pankaj Chaudhary said on Monday.

State Governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh have informed the Centre and the Pension Fund Regulatory and Development Authority (PFRDA) about reversion from National Pension System (NPS) to OPS, he said in a written reply in the Lok Sabha.

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