Niti Aayog Advice On Ops Big News Niti Aayog Gave Big Advice To The Government On The Old Pension Scheme Of The Employees

A new update is coming out regarding the old pension scheme of the employees. According to a report in which it is being said that NITI Aayog has given big advice to the government on the old pension scheme of the employees.

Niti Aayog Vice Chairman Suman Berry on Sunday expressed concern over re-introduction of old pension scheme (OPS) by some states. He said that this would put a burden on the future taxpayers. He said that there is a need to improve the fiscal position of this country and promote sustainable development.

Berry underlined the need to increase capital expenditure and create space for the private sector through fiscal consolidation. He said, ‘I have a little concern about the resumption of the old pension scheme. I think this is a matter of concern, because the burden will not be on the existing taxpayers, but on future taxpayers and citizens.
Government used to give full pension in OPS-

The government used to give the entire amount of pension under OPS. The scheme was discontinued by the National Democratic Alliance (NDA) government from April 1, 2004. Under the New Pension Scheme, employees pay 10 percent of their basic salary for pension. While the state government contributes 14 per cent to it.

Follow the discipline state-

“Political parties should exercise discipline as we all are working for the common goal of growth of the Indian economy,” Berry said. So that India can become a developed economy. It is necessary to balance short term goals with long term goals.