NPS: Govt. forms panel to study pros and cons

THE HINDU, BELAGAVI, KARNATAKADECEMBER 13, 2018 

The State government has formed a five-member officials’ committee, headed by the Additional Chief Secretary, to study the pros and cons of the impact of the National Pension Scheme (NPS) and submit a report. Based on the report, the government will take a decision “on humanitarian grounds”, Chief Minister H.D. Kumarswamy told the Legislative Assembly on Wednesday.

Protest by govt. staff

The statement came after the Opposition BJP drew the attention of the Chief Minister to the protest being staged by a large number of government employees near the Suvarana Soudha opposing the NPS and demanding that they should be brought under the old pension scheme.

Leader of the Opposition B.S. Yeddyurappa appealed to the Chief Minister to scrap the NPS in the interest of all government employees. The former Chief Minister Jagadish Shettar said the existence of both the old scheme and the NPS had paved the way for disparity among government employees.

Making it clear that NPS was introduced in 2004 by the government of India, Mr. Kumaraswamy said that except a couple of States, all others had adopted it. Later, some States formed committees to study the impact of the NPS and Karnataka would do the same, he said.