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
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?
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