7th Pay Commission New Pension Scheme
Latest News About Conversion of NPS to OPS for Central Govt Employees (National Pension System To Old Pension Scheme)
Reversion to Old Pension Scheme from Existing National Pension System – Major demand of CG Employees
Introduction of New Pension Scheme (which is a contributory pension scheme) with effect from 1.1.2004.
The main and first demand of CG Employees is now ‘Scrap NPS – Restore OPS’. After 2004 the demand is slowly getting higher tone year by year. Almost 15 years passed, the total strength of NPS subscribers is more than 18 lakh.
New Pension Scheme was implemented to the employees joined on or after 1.1.2004. All Employees Unions and Federations are opposed on that day of implementation and to implement the Old Pension Scheme.
Particularly, the Railway Federation AIRF and NFIR, seeking exemption of the National Pension System (NPS) and restoration of the Defined Benefit Pension Scheme [Liberalized Pension Scheme, Railway Services (Pension) Rules 1993].