What are the implications of the restoration of the Old Pension Scheme on government employees
Govt. employees are set to go on indefinite strike from May 1 due to this decision.
- The restoration of the Old Pension Scheme for government employees could lead to increased financial security for employees post-retirement.
- Employees will benefit from defined benefits and a guaranteed pension amount, offering more stability compared to the contribution-based National Pension System (NPS).
- It may lead to higher morale and job satisfaction among government employees, knowing that their retirement benefits are secure.
- However, the financial implications for the government could be significant, potentially leading to increased expenditure on pensions.
- The indefinite strike planned by government employees from May 1 may disrupt essential services and government operations, causing inconvenience to the public.
Answered
a year ago