Uttar Pradesh Provides One-Time Option To Switch to Old Pension Scheme To These Employees

Who Will Get The Option?This option is only available for those whose job advertisements were published by the government, before the National Pension System notification on March 28, 2005 came. Those employees appointed on or after April 1, 2005, whose post advertisements were published before March 28, 2005, are eligible for this one-time option.It was on March 28, 2005, that the government announced that these employees joining the service would be enrolled in the National Pension System from April 1, 2005, onwards.Similarly, the central government had also issued orders granting central employees a one-time option to choose the old pension scheme if they were appointed before the December 22, 2003 notification regarding the implementation of the NPS.As the Union Finance Ministry is about the table the Union Budget for the fiscal year 2025 by the third week of July, there is an increasing demand urging the Finance Minister to call for the restoration of the old pension scheme (OPS) and the formation of the 8th Pay Commission. 

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