Logo

Logo

Old pension scheme

OPS or NPS? C’garh govt staff, teachers asked to make a choice by May

To win the confidence of the government employees and teachers in Chhattisgarh, the Bhupesh Baghel-led government is trying to implement the Old Pension Scheme (OPS) at the ground level. There are serious challenges on how much the Congress will benefit politically from this scheme because nearly half of the total government employees covered under the New Pension Scheme (NPS) are teachers, who have been merged under it in 2018.

Way to Bankruptcy

NPS was a saviour of the sinking public finances and all state governments expect West Bengal have adopted the NPS one by one, the last being the then left-ruled state of Tripura in 2015. NPS had restored some discipline in public finances and contributed to making the states generate surpluses in their revenue accounts. Now the backward march will certainly take the states and the nation to the brink of financial disaster