Wednesday, November 29th, 2023

OPS: Finance Ministry constitutes panel, will give suggestions for review of pension system for government employees

– Photo: Amar Ujala


The Finance Ministry on Thursday constituted a committee headed by Finance Secretary T V Somanathan to review the pension arrangements for government employees. The committee will suggest to the government whether any changes are required in the existing structure of the National Pension System (NPS) applicable to government employees.

Also, the committee will suggest measures to modify it with a view to improving the pensionary benefits of government employees covered under NPS keeping in view the fiscal implications and impact on the overall budgetary space. The committee, headed by Somanathan, will have secretary in the Department of Personnel and Training (DoPT), special secretary in the Department of Expenditure and chairman of the Pension Fund Regulatory and Development Authority (PFRDA) as members.

Also read: Old Pension: Employees do not have faith in the committee formed by the Finance Minister, the old pension restoration movement will intensify

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