Old Pension Scheme vs National Pension System: The Finance Ministry responds to the Joint Forum for Restoration of Old Pension Scheme’s demand, stating discussions with the National Council have taken place regarding the Guaranteed Old Pension Scheme. 20% additional basic pension – after 80 years and less than 85 years of age.30% additional basic pension – after 85 years to less than 90 Years of age. 40% additional basic pension – after 90 years to less than 95 years of age. 50% additional basic pension – after 95 years to less than 100 years of age. He mentioned that representations have been received from time to time, which include the request for the restoration of the old pension scheme.

Source: Economic Times February 01, 2024 18:35 UTC