Old Pension Scheme: The last chance has come for selected officers of the government to switch from New Pension Scheme to Old Pension Scheme and for this the Central Department of Personnel and Training has written a letter.
Between the old pension scheme and the new pension scheme, there is a debate going on about which one is more beneficial. Now the Central Government has given an opportunity to some selected government officials to switch from New Pension Scheme to Old Pension Scheme. This will be a one time option under which the officers of All India Services (AIS) coming under the National Pension System will be able to get the benefit of the old pension scheme.
Central Department of Personnel and Training gave information by writing a letter
On 13 July 2023, the Central Department of Personnel and Training has written a letter to the Chief Secretary of all states and union territories. It is written in this that the officers who joined the job before the issue of NPS notification of 22 December 2003 and who are being covered under the New Pension Scheme from 1 January 2004, have to switch to the Old Pension Scheme for one time. One time option will be given. This option will be given to them under the AIS (DCRB) Rules, 1958.
Who can take advantage of the switching option
The Department of Personnel and Training (Central Department of Personnel and Training) has made it clear by writing a letter that it has issued this notification for the officers of IAS, IPS and IFoS. Officers of All India Services (AIS) selected through Civil Services Examination 2003, officers appearing under Civil Services Examination 2004 and officers appearing under Indian Forest Services Examination 2003 can avail this option.
When can I switch from OPS to NPS?
AIS officers who want to switch from OPS to NPS will have to apply for this option by 30 November 2023. DoPT has made it clear that this will be his last chance to go to OPS. The officers who will not apply for this option till 30 November 2023 will continue to get the benefit of the New Pension Scheme as before.
