Context
The decision of various state governments (Rajasthan, Chhattisgarh and Punjab) to revert to the Old Pension Scheme (OPS) rather than to apply New Pension system has attracted several criticisms and concerns over the economic instability in the States.
Background
About
How Pension system works in India?
The Old vs. New Pension scheme:
Old pension Scheme (OPS) |
New Pension Scheme |
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Concerns associated with the Old pension scheme:
The Government’s Income and Expenditure:
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Negative Impacts of Old Pension scheme:
Verifying, please be patient.