Tuesday, March 29, 2016

7th Pay Commission : Next meeting on 30th March 2016

As per information received, Next meeting with Empowered Committee under Chairmanship of Cabinet Secretary will be held on 30.03.2016 at Cabinet Secretariat, Committee Room, Rashtrapati Bhawan, New Delhi.

Sunday, March 27, 2016

Removal of NPS: No proposal with Government

On reply of Unstarred question in Loksabha, Government stated that 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.

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

LOK SABHA

UNSTARRED QUESTION NO: 1524

ANSWERED ON: 04.03.2016

Replacement of New Pension Scheme


SUKHBIR SINGH JAUNPURIA
Will the Minister of FINANCE be pleased to state:-

(a) whether the Government proposes to replace the New Pension Scheme (NPS) with old pension scheme; and

(b) if so, the details thereof and the reasons therefor?

ANSWER

The Minister of State in the Ministry of Finance 

(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.