India Flash Bulletin
Buisness

No tension of Old or New Pension scheme! Government employees to get fixed pension on retirement

There is good news for government employees. In view of the huge opposition to the New Pension Scheme, the Central Government is now working on a plan to give fixed pension to government employees on retirement. According to government sources, the Modi government is planning to give a fixed amount (fix pension) to government employees after retirement by making changes in the New Pension Scheme (NPS). Work has started on the change for this.

Plan to give 40-45% pension of last salary

According to the information received, the government can assure the minimum pension of 40% to 45% of the last drawn salary to the employees. For this, the government will make changes in NPS. Let us tell you that the government had constituted a committee in April to review the NPS. The committee headed by the Finance Secretary is reviewing the New Pension Scheme. Many non-BJP states have announced to give old pension scheme to their employees by abolishing the new pension scheme. Due to this the tension of the government has increased.

Fixed return pension scheme to be launched

Recently, Deepak Mohanty, Chairman of Pension Fund Regulatory and Development Authority (PFRDA) had said that PFRDA is working on a minimum assured return pension scheme and it will be announced soon. This is good news for those planning for retirement. The best feature of this scheme will be that those who invest in it will get fixed returns.

Related posts

Prepare for the Honda D110 Dream Deluxe with this breakdown of features and specifications

Macroeconomic Challenges Caused a Decline in New Frontline Jobs in India in FY23: Repor

Italy forbids China from taking up tyre industry titan Pirelli