A day after the Tamil Nadu government cited the case of Rajasthan to argue against a demand seeking to revoke the Contributory Pension Scheme (CPS), the CPS Abolition Movement on Sunday contended it would not apply to Tamil Nadu as the State had not signed an agreement with the Pension Fund Regulatory & Development Authority (PFRDA), unlike Rajasthan.
On Saturday, Minister for Finance and Human Resources Management Palanivel Thiaga Rajan cited the case of Rajasthan to explain issues involved in the restoration of the old pension scheme, where he said the PFRDA was reported to have rejected the Rajasthan government’s request to withdraw funds, accrued under the National Pension Scheme (NPS), for the implementation of the old pension scheme. “The Rajasthan case, with regards to PFRDA, would not apply to Tamil Nadu because Tamil Nadu is yet to sign an agreement with the PFRDA. Compared to Rajasthan, we are in a better position to go back to old pension scheme, since we have not signed it,” said P. Frederic Engels, State coordinator of the CPS Abolition Movement.
