Old Pension Scheme Latest Update: Several Important updates have come out about the Old Pension Scheme (OPS) in 2025. Government employees have since long been demanding that OPS be resorted back and the National Pension System (NPS) be removed. This year, some important steps have been taken by the government regarding that which is opening a relief window to lakhs of government employees. This article is going to enlighten you about new updates in the old pension scheme, its benefits, and future possibilities.
Old Pension Scheme Updates 2025
The Center and some state governments have these fresh requirements in 2025 about the revival of OPS. Some state governments had declared recently the re-implementation of the old pension scheme for their employees. The re-implementation process of OPS has already moved in between Rajasthan, Chhattisgarh, Jharkhand, Himachal Pradesh, and Punjab, followed by other states that look towards this direction.
The central government is also giving considerations upon the demands of OPS, and a high committee had been formed to make an in-depth study. It would say that it wants to compare both OPS and NPS to realize which one will be more advantageous to government employees.
Benefits of Old Pension Scheme
Re-implementation of OPS has about some of the major considerations and benefits behind it.
- Lifelong guarantee pension: Employees taking 50 per cent of the last salary earned before retirement are eligible to get a lifetime guaranteed pension under OPS.
- Adjustment of Dearness Allowance (DA): Pensioners benefit from dearness allowance increase, lessening the effect of inflation.
- Defined benefit scheme: The employee secures a fixed and definite pension under OPS, while the market’s blowing winds determine NPS as an insecure scheme.
- Full amount Pension by the government: The member under NPS is contributing a part of the salary towards his pension, whereas the whole pension under OPS is paid by the government.
Which Employees Will Get The Benefit?
As per the recent changes, these employees stand to benefit under OPS:
- There are already NPS subscribers but were in government service before 2004.
- Employees of states where the government has implemented OPS benefit.
- New central government rules would make them eligible.
Fresh Discussions On OPS Restoration
The union and the economists are at loggerheads over OPS. Whereas the employee organizations advocate the restoration of OPS, the government is keen on a balanced position based on the likely financial impact of such a scheme.
Conclusion
In 2025, the old pension scheme remains a significant aspect under government consideration. If full restoration is to be done, it directly benefits millions of government employees. Simultaneously, it necessitates the government ensuring that such a policy lacks adverse effects on the nation’s economy. More such important announcements will probably come in a few months.
Also Read- Mahindra XUV 3XO Car Launched With Great Mileage And Powerful Engine