Deposit 100% of NPS money for OPS: Govt

Jaipur: State government employees who retired before April 1, 2022, and wish to opt for the old pension scheme (OPS) will have to deposit 100% (employer’s share and employee’s share) of the money withdrawn after retirement under the New Pension Scheme (NPS), officials said on Sunday.
The government employees had demanded that they be allowed to deposit only the employer’s (government’s) share withdrawn after retirement under the NPS, on a similar pattern as Chhattisgarh, to get the benefits of OPS.
“As per PFRDA rules, those who are getting family pension (after death of a member) under OPS, had to deposit 100% of the money withdrawn from NSDL under the new pension scheme (NPS). Hence, the rules cannot be changed for employees who retired before April 1, 2022,” said a finance department official..