Before the 2004 reforms in India, the government employees traditionally worked under the old pension scheme. Rabbits received a fixed pension calculated according to their last salary and no contribution was made by the retiring employee. Pension payment was the sole responsibility of the employer (government). Other than this, cost-of-living considerations (like growth of pension … Read more
The Old Pension Scheme was a defined benefit plan for pensioning central government employees in India. Under OPS, retirees were duly paid a pension equal to 50% of the last pay drawn and received additional benefits such as dearness allowance (DA). It was a simple pay-as-you-go system where there were no contributions by employees currently … Read more
Old Pension Scheme: सरकार द्वारा सरकारी कर्मचारियों के लिए नई पेंशन योजना (NPS) हाल ही में लागू की गई है। लेकिन आज भी पेंशन कर्मियों को ओल्ड पेंशन योजना पसंद आती है। नई पेंशन योजना लागू होने से पहले सेवा निवृत कर्मचारियों को जीवन भर पेंशन प्राप्त होती थी। लेकिन सरकार द्वारा नई पेंशन योजना … Read more