Finance Ministry: No OPS restoration for central employees

• Finance Ministry states no proposal to restore Old Pension Scheme (OPS) for central government employees under NPS/UPS.
• Minister of State Pankaj Chaudhary clarified this in Lok Sabha on December 15, 2025, responding to MPs' questions.
• OPS is a non-contributory scheme, while NPS/UPS are contributory, with employees and government contributing.
• Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh have decided to restart OPS for their state employees.
• PFRDA Act has no provision to refund accumulated NPS corpus to state governments that revert to OPS.

Why It Matters: No Old Pension Scheme restoration for central employees impacts their retirement security.