Should states revert to the Old Pension Scheme? | In Focus podcast Bonus Episode
In Focus by The Hindu
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How to Provide a Guaranteed Pension
Praveen and Rohit have both spoken of the need for change even while defending specific system schemes. Praveen's suggestion would be guaranteed pension similar to OPS, which is 50% of your last pay drawn with contribution from employees. The only condition in which you spend extra is when the gap of this 50% when your actual pension NPS, let's say rate of return is about 9%. You get 72 rupees and you would have got 100 in OPS.
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