More than 91 lakh government employees across the country are uniting to demand the restoration of the Old Pension Scheme (OPS), rejecting the New Pension Scheme (NPS) introduced in 2004. The All India NPS Employees Federation (AINPSEF) has initiated this movement, emphasizing the need to revoke NPS and reinstate OPS for better retirement security.
Upcoming Rally at India Gate and Jantar Mantar
On November 17, 2024, government employees will gather at Jantar Mantar, Delhi, for a large-scale rally. Participants from various states, union territories, and autonomous bodies are expected to join this peaceful protest. Backed by over 5 lakh AINPSEF members, the rally has gained significant momentum and widespread support.
Key Concerns of the Employees
Uncertainty in Retirement Benefits
The primary grievance of government employees lies in the uncertainty of retirement benefits under the NPS. Unlike OPS, which assured a fixed post-retirement income, NPS lacks such guarantees, leaving employees financially vulnerable during retirement.
Mandatory Salary Contribution
Another major issue is the mandatory deduction of 10% of employees’ salaries under NPS. Employees are urging the government to discontinue this practice and provide a more equitable pension structure.
A Demand for Justice and Equality
Employees have pointed out an inconsistency in pension policies. While politicians and lawmakers receive lifetime pensions after serving just one term, government employees working for 20 to 30 years are denied similar benefits. The matter also affects the financial security of dependents and family members of employees after their service tenure ends.
An Appeal to Prime Minister Modi
Forty key employee leaders have sent an official letter to Prime Minister Narendra Modi, urging him to address this issue in Parliament. They believe that reinstating OPS would enhance employees’ financial stability and strengthen the government’s trust in its workforce.
Escalation of the Movement
If no action is taken, employees have warned of intensifying their protests, potentially leading to a nationwide strike. However, they have reassured the public that their demonstrations will remain nonviolent and focused on justice.
A Question of Social Justice
The demand for OPS goes beyond retirement benefits; it raises concerns about social justice and equality. Employees believe that reinstating OPS will not only secure their future but also lay a stable foundation for future generations. They are calling on the government to address this issue with care and make a fair decision.
Comparison of OPS and NPS
| Aspect | Old Pension Scheme (OPS) | New Pension Scheme (NPS) |
|---|---|---|
| Retirement Benefit | Guaranteed fixed income | Market-linked, no fixed income |
| Employee Contribution | None | 10% of salary |
| Financial Stability | High, predictable benefits | Low, dependent on market performance |
| Family Security | Includes provisions for dependents | Limited provisions |
FAQs
What is the Old Pension Scheme (OPS)?
OPS is a retirement scheme that guarantees a fixed monthly pension to government employees after retirement, calculated as a percentage of their last drawn salary.
Why are employees dissatisfied with the New Pension Scheme (NPS)?
Employees find NPS unreliable as it lacks guaranteed returns and requires a mandatory 10% salary contribution, making it less favorable than OPS.
How many employees are supporting this movement?
Over 91 lakh government employees, with 5 lakh active participants through AINPSEF, are advocating for the return of OPS.
