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NPS: Government is not in a position to revert back to old pension scheme - Reply in Rajya Sabha

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NPS: Government is not in a position to revert back to old pension scheme - Reply in Rajya Sabha
nps-reversion-in-old-pension-scheme

केन्द्रीय वित्त मंत्रालय में राज्य मंत्री श्री शिव प्रताप शुक्ला ने दिनांक 24 जुलाई को एक अतारांकित प्रश्न के जवाब में कहा कि पेन्शन बिल में बढ़ोत्तरी एवं राजकोषीय अनिवार्यताओं को देखते हुए नये कर्मचारियों के लिए पुराने पेन्शन स्कीम को लागू करना सम्भव नहीं है।




GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES

RAJYA SABHA
UNSTARRED QUESTION NO-710
ANSWERED ON JULY 24, 2018/SHRAVANA 2, 1940 (SAKA)
ABOLITION OF CONTRIBUTORY PENSION SCHEME

710 . Shri Dharmapuri Srinivas

(a) whether the attention of Government is drawn to the matter of Contributory Pension Scheme and problems being faced by the employees;

(b) if so, the details thereof;

(c) whether a number of requests from State Governments and Government employees have been received by Government to withdraw the CPS System, the status of such requests; and

(d) whether Government is planning to resolve the matter and abolish the CPS System in view of the problems being faced by the employees?
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ANSWER

The Minister of State in the Ministry of Finance
(Shri Shiv Pratap Shukla)

(a) to (d) Yes Sir. Representations have been received from various Associations of Government Employees on the problems being faced and the demand to withdraw the National Pension System (NPS). The 7th Central Pay Commission (CPC) also in its report examined the issues related to NPS and made recommendations for addressing these issues. Pursuant thereto, it was decided to constitute a Committee of Secretaries to suggest measures for streamlining NPS. The Committee has submitted its report. Due to rising and unsustainable pension bill and keeping in view of fiscal imperatives, it is not possible for the government to revert back to old pension scheme.
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Source: RAJYSABHA

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