No proposal to increase time limit for employees to switch from NPS to old pension scheme: Centre

The Lok Sabha was informed that there is no proposal to extend the time limit for central government employees to switch from the National Pension System (NPS) to the old pension scheme. The NPS, introduced in 2003, is mandatory for new recruits in the central government, except for the armed forces. A one-time option was given to certain employees for inclusion under the Central Civil Services (Pension) Rules, 1972 (now 2021), with fixed time schedules outlined for decision-making processes. No...