Old Pension Scheme Update: There are only a few days left for Holi, the festival of colors (Holi 2023). Although the celebration of Holi has already started for lakhs of Central Government Employees. The Central Government led by Prime Minister Narendra Modi has issued a fresh update regarding the Old Pension Scheme. After this, now a section of central employees has got the option to choose the old pension scheme in place of the new pension scheme (National Pension System).
Option to choose by date
The Ministry of Personnel has issued a fresh order regarding the old pension scheme. Accordingly, now some central employees can opt for the old pension scheme. Under this order, all the central employees who are eligible to take advantage of the old pension scheme, have been given time till August 31, 2023, to choose the new option.
Will not get a chance after the deadline
However, if the eligible employees do not opt for the old pension scheme before the expiry of the deadline, they will automatically be covered under the new pension scheme. This means that till August 31, 2023, whatever option the eligible Central Employees Pension Scheme chooses, it will be considered final. The ministry has also made it clear in the order that after the deadline i.e. 31 August 2023, there will be no facility to change the option of the pension scheme.
Such employees will get benefits
According to the government order, the benefit of this facility will be given to those central employees who were appointed before the notification of the new pension scheme National Pension System or the notification regarding the appointment of their post was already issued. The notification of the National Pension System was issued by the government on 22 December 2003. This means that all central employees who were reinstated or notification of their reinstatement was issued before 22 December 2003, can opt for the old pension scheme.
