Kerala Mandates Assured Pension Scheme Implementation from April 1

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Kerala to launch Assured Pension Scheme from April 1, 2026

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News18•28-02-2026, 16:15

Kerala to launch Assured Pension Scheme from April 1, 2026

•Kerala government issues orders to implement Assured Pension Scheme for employees starting April 1, 2026.
•Scheme replaces National Pension System (NPS) with a minimum pension guarantee, as announced by Finance Minister K N Balagopal.
•New employees from April 1, 2026, can choose between Assured Pension Scheme or NPS.
•Existing NPS employees will also have the option to switch to the new scheme.
•Maximum pension under the scheme will be 50% of basic pay at retirement, with Dearness Relief (DR) applicable; 30 years of service required for maximum pension.

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