IN A NEW proposal before the Finance Secretary-led committee set up to review the New Pension System for government employees, some states have proposed a middle path which entails a lower pension, but one that is assured.
Some states have specifically demanded an assured pension linked to the minimum of a pay level, and not the last-drawn salary as it is under the Old Pension Scheme (OPS). “One issue that is coming up from OPS is that the minimum pension need not be 50 per cent of the last drawn salary, but a minimum pension at a certain level which is 50 per cent of the lowest (entry-level pay) salary in the pay matrix. This is one of the demands coming up,” a person aware of the development said.
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