Demand to withdraw the NPS - "It is non possible to revert dorsum to sometime pension scheme: Govt."
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
RAJYA SABHA
UNSTARRED QUESTION NO-710
ANSWERED ON-24.07.2018
Abolition of Contributory Pension Scheme
710 . Shri Dharmapuri Srinivas
(a) whether the attending of Government is drawn to the affair of Contributory Pension Scheme in addition to problems beingness faced past times the employees;
(b) if so, the details thereof;
(c) whether a number of requests from State Governments in addition to Government employees convey been received past times Government to withdraw the CPS System, the condition of such requests; and
(d) whether Government is planning to resolve the affair in addition to abolish the CPS System inwards persuasion of the problems beingness faced past times the employees?
ANSWER
The Minister of State inwards the Ministry of Finance
(a) to (d) Yes Sir. Representations convey been received from diverse Associations of Government Employees on the problems beingness faced in addition to the take away to withdraw the National Pension System (NPS). The seventh Central Pay Commission (CPC) likewise inwards its study examined the issues related to NPS in addition to made recommendations for addressing these issues. Pursuant thereto, it was decided to flora a Committee of Secretaries to propose measures for streamlining NPS. The Committee has submitted its report. Due to ascent in addition to unsustainable pension neb in addition to keeping inwards persuasion of financial imperatives, it is non possible for the authorities to revert dorsum to sometime pension scheme.
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Source: ENGLISH VERSION HINDI_VERSION
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