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Pension sector players expect the Finance Secretary-headed committee tasked with looking into government employees’ concerns about NPS to submit its report around budget time, which could pave the way for a final resolution of the thorny issue.
At present, while the government contribution is 14 per cent under NPS, an employee contributes 10 per cent of his salary plus DA.
Indonesia must manage its gains from the nickel beneficiation policy to build its factor endowments and sustain its comparative advantage in the industry.
By 2050, pension outgo under OPS is projected to touch over Rs 17 lakh crore as against Rs 4 lakh crore under NPS, it said.
According to an analysis by economists from the Reserve Bank of India, the fiscal burden on states from reverting to the Old Pension Scheme will be around four-and-a-half-times that of the National Pension System