NPS TO OPS: ABOLITION OF NATIONAL PENSION SYSTEM AND FOR RESTORATION OF OLD PENSION SCHEME
NPS to OPS: Abolition of National Pension System and for restoration of Old Pension Scheme Annexure-I F.No-20/07/2017-PR 18.03.2019 To Shri C. Srikumar, General Secretary, All India Defence Employees’ Federation, S.M. Joshi BhavanI, Survey No. 81 , Dr. Babasaheb Ambedkar Road, Khadki, Pune – 411 003. Subject: Representation received for abolition of National Pension System and for restoration of Old Pension Scheme – reg. Sir, Kindly refer, to your representation dated 03.11.2018 on the subject cited above. In this connection, it is started that the introduction of National Pension System (NPS) was a policy decision of the Government of India in view of the Increasing pension liability on the economy. Your concerns In this regard have been noted. It Is informed that based on the feedback received from time to time from the subscribers covered under NPS and other stakeholders, the Government of India, based on the Committee of Secretaries recommendations, has recen...