The Pension Commission has established the old pension system (OPS), contributory pension system (CPS) and united pension system (UPS) to recommend one suitable for the state on Tuesday. However, the Committee needed even more time to complete and present its message.
“Given that the statistics and number of data sets collected were large and have to organize consultations with the government and financial institutions of the Union and Life Insurance Corporation (LIC) in India, among other things, it needs more time to complete and present its message.”
The Committee, which was created in February this year, organized nine rounds of interviews with 194 associations of State Government employees. She also organized meetings with various parties involved, including LIC and other financial institutions. She also used the services of financial experts for accurate and sophisticated studies in this topic, she said.
Over the last eight months, the Committee has gathered, inter alia, details of 7.86 employees and pensioners, including 6.75 Lakh family pensioners and also verified the data. She also coordinated with the Ministry of the Treasury and is responsible for his task.
The Committee was led by an IAS Gagandeep Singh Bedi officer. Former director Madras School of Economics Kr Shanmugam is the second member of the Committee and its secretary IAS was an officer Ias Pratik Tayal. His mandate was to study OPS, CPS and UPS and present a detailed message with recommendations.
The CPS was introduced to the State Government employees who joined the service of 1 April 2003. The NPS was introduced for the employees of the Union Government since 1 January 2004. However, CPS was followed for state government employees. The State Government employees were represented to restore the OP that were followed by April 1, 2003. Although the Union government introduced UPS 24 January this year.
Published – 1 October 2025 05:30
