Government Clarifies: No Plans for 40-45% Pension Based on Last Drawn Salary in NPS

Central Government clarified in Rajya Sabha that there is No Plans for 40-45% Pension Based on Last Drawn Salary in NPS to replace the existing market linked pension scheme

The committee set up to review the new pension system is yet to submit its final report.

No Plans for 40-45% Pension Based on Last Drawn Salary in NPS – Reply in Rajya Sabha

Ministry of Finance
Department of Expenditure
RAJYA SABHA
UNSTARRED QUESTION NO.1326
TO BE ANSWERED ON, TUESDAY, AUGUST 1, 2023/SRAVANA 10 1945 (SAKA)

REVIEW OF EXISTING NEW PENSION SCHEME

QUESTION
1326: Shri A. D. Singh:

Will the Minister ol Finance be pleased to state:

a) Whether the Government intends to assure its employees the pension of 40 per cent to 45 per cent of the last drawn salary replacing the existing market linked pension, if so, the details thereof;

b) Whether the Committee constituted by Government to review existing new pension scheme for the Government employees has given its report; and

c) lf so, the findings thereof and by when Government is going to review the existing scheme?

ANSWER
MINISTER OF STATE FOR FINANCE
(SHRI PANKAJ CHOUDHARY)

(a) No such proposal is under consideration.
(b) No Sir.
(c) Does not arise

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