(C): Twitter
In a major development that has fulfilled a long standing request of numerous government employees, Chandigarh Administration has announced that they will finalize the list of eligible employees to transfer them from National Pension System (NPS) to Central Civil Services (Pension) Rules 1972, by August 15, 2025.
After the Government of India order dated March 3rd 2023 this is a reversal with implications for an important policy change. It applies to employees who were appointed to posts either advertised or notified on or before December 22, 2003 who joined service on or after 1st January, 2004 and were therefore enrolled in NPS.
As per the order, such employees are now allowed to cover them under OPS, as long as they meet the required eligibility criteria. This came as a relief to nearly 300 employees in the UT Administration. In contrast to market linked returns of the NPS which have prompted employees to raise concerns about retirement security, OPS guarantees a set pension (50% of final salary) with CPI inflation adjustments.
The UT Administration instructed the service of each department to examine service records and reconcile verification of compliance, with respect to the central order. Officials are optimistic that this is positive development to promote financial stability for employees long in government service.
Chandigarh now becomes the latest state to roll back NPS for OPS, behind Rajasthan, Chhattisgarh and Himachal Pradesh with union pressure as a backbone. Critics warn of pension burdens into the future, while the decision has been heralded as a significant victory for workers’ rights and dignity in retirement.
Over the last few years, newspapers have reported that migrant workers in the UAE and other Gulf countries have come…
Overseas Filipino Workers (OFWs) in Israel have once again found themselves on the frontlines of conflict, caught between their livelihoods…
Decades after decades, tea garden laborers in India have worked and lived in the farms without owning the land the…
There has also been a concerted global push on the side of the recent U.S. Executive Order against the Muslim…
The 2025 recommendations of the UN Migration Committee represent a change in the way governments are being encouraged to treat…
The economic growth of India has been supported by a labor force that is rather silent and unguarded. Millions of…
This website uses cookies.
Read More