No proposal under consideration to replace the National Pension System (NPS) with old pension scheme – Govt in Lok Sabha.

No proposal under consideration to replace the National Pension System (NPS) with old pension scheme – Govt in Lok Sabha.

GOVERNMENT OF INDIA

MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES

LOK SABHA
UN STARRED QUESTION NO. 1524
TO BE ANSWERED ON MARCH, 4, 2016/PHALGUNA 14, 1937 (SAKA)
REPLACEMENT OF NEW PENSION SCHEME

†1524. Shri Sukhbir Singh Jaunapuria:

Will the Minister of FINANCE be pleased to state:

• whether the Government proposes to replace the New Pension Scheme (NPS) with old pension scheme; and
• if so, the details thereof and the reasons therefor?

ANSWER

The Minister of State in the Ministry of Finance
(SHRI JAYANT SINHA)

(a) & (b) there is no proposal under consideration to replace the National Pension System (NPS) with old pension scheme in respect of Central Government employees recruited on or after 01.01.2004.

Source : Confederation