National Pension System: The government on Wednesday informed the Lok Sabha that there is no proposal to extend the deadline for central government employees to accept the old pension scheme instead of the National Pension System (NPS).
National Pension System: The government on Wednesday informed the Lok Sabha that there is no proposal to extend the deadline for central government employees to accept the old pension scheme in place of the National Pension System (NPS). NPS was started for central government employees in 2003.
When was NPS implemented?
Minister of State for Personnel Jitendra Singh said in a written reply to a question that NPS is mandatory for all new recruitments in the Central Government service (except the armed forces) from January 1, 2004.
He said this about the Old Pension Scheme
He said that in pursuance of the court’s decisions, the Department of Pension and Pensioners’ Welfare had issued instructions on March 3, 2023, giving a single option to join under the Central Civil Services (Pension) Rules, 1972 (now 2021) to those civilian employees of the Central Government who were appointed to the post or vacancy notified for recruitment/appointment before the notification of NPS on December 22, 2003.
The minister said that there is no proposal to issue any further instructions regarding the order issued on March 3, 2023.
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