One-time choice for govt personnel to change to OPS

Synopsis The Department of Pension and Pensioners’ Welfare (DoPPW) has actually enabled choose main civil servant to change to old pension plan (OPS) from the National Pension System (NPS). DoPPW has actually launched a comprehensive standard discussing who are qualified to change and when is the last date. Here’s all you require to understand about it. Getty ImagesSelect main civil servant covered by the National Pension System (NPS) will now get a one-time alternative to change to Central Civil Services (Pension) Rules, 1972 commonly called old pension schemeSelect main civil servant covered by the National Pension System (NPS) will now get a one-time choice to change to Central Civil Services (Pension) Rules, 1972 commonly called the old pension plan (OPS). The Department of Pension and Pensioners’ Welfare (DoPPW) provided a workplace memorandum on March 3, 2023, detailing who is qualified to change to the old pension plan. What DoPPW specified about the OPS changing alternative? DoPPW specified,” It has actually now been chosen that, in all cases where the Central Government civil worker has actually been selected versus a post or job which was advertised/notified for recruitment/appointment, prior to the date of alert for National Pension System i.e. 22.12.2003 and is covered under the National Pension System on signing up with service on or after 01.01.2004, might be provided a one-time choice to be covered under the CCS(Pension) Rules, 1972 (now 2021).” Who are qualified to change to OPS from NPS? Those main civil servant whose visit was made versus the posts or jobs promoted or alerted for recruitment prior to the notice for NPS i.e. 22.12.2003 are qualified to change to the old pension plan from NPS with a due date. When is the last date to change to OPS from NPS? The main civil servant who want to change to the old pension plan need to work out the alternative by August 31, 2023. Do remember this will be the last opportunity to exercise this choice.

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