How is the Indian government addressing the issue of restoration of the Old Pension Scheme
Government employees are planning to go on an indefinite strike from May 1 over the restoration of the Old Pension Scheme.
- The Indian government has introduced the National Pension System (NPS) as a mandatory pension scheme for government employees in 2004, replacing the Old Pension Scheme.
- Government employees have been demanding the restoration of the Old Pension Scheme citing dissatisfaction with the NPS.
- To address this issue, the government has set up committees to examine the demands and concerns of employees regarding the pension schemes.
- Discussions are ongoing between employee representatives and government officials to find a middle ground and address the issue of restoring the Old Pension Scheme.
- The government is exploring various options to address the concerns of the employees while also considering the financial implications of reverting to the old system.
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a year ago