OPS: There has been a lot of anger among pensioners regarding the restoration of the old pension scheme. A movement is also being demonstrated for this. Now giving an important information from the RBI Governor, it has been said that there may be 4.5 times more fiscal expenditure for the restoration of the old pension scheme.
New Delhi: Let us tell you that an RBI research paper has said that in case of Old Pension Scheme (OPS), the fiscal expenditure can be 4.5 times that of the new pension scheme.
RBI said that this is the opinion of the authors. This idea is not his… See complete information related to this update in the news below. It is noteworthy that Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh have recently decided to implement the old pension.
Contributions in NPS are defined in the article, while benefits are defined in OPS. OPPS is short term attraction. This can also become a challenge for the states in the medium to long term.
After 2040, states will have to spend more money—
Reverting to OPS by 2040 would save only 0.1 percent of state annual pension spending. But there will have to be an average additional increase in pension spending by 2040,
Which will be 0.5 percent of the annual GDP. The article warns that states’ return to OPS could lead to unsustainable fiscal stress in the long run.
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