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Government rules out reintroduction of Old Pension Scheme

Tuesday, July 16, 2019, 8:17 AM

In a written reply to a question asked in the LS, Government ruled out reintroduction of OPS for government employees. This scheme, which existed before the introduction of the NPS in 2004, provided for a defined benefit pension to government employees. A defined benefit is a type of pension, which is fixed and determined with reference to number of years of service and salary.

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