News & Media 12th Jun 2024

50% assured pension for central govt staff under NPS: Proposal explained

Authors

PV Ramana Murthy Head– Employment and Labor Laws | Mumbai

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Things may be looking up for central government employees’ pensions. The central government plans to enhance benefits under the National Pension System (NPS), according to news reports. The proposed changes would provide an assured pension of up to 50 per cent of the last basic pay, moving away from the current market-based returns system. Some 8.7 million central and state government employees enrolled in the NPS since 2004 could benefit.

To encapsulate this, Surbhi Gloria Singh from Business Standard writes on “50% assured pension for central govt staff under NPS: Proposal explained” with expert comments from PV Murthy.

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