Chennai, Jan 11 (IANS) Pension security for Tamil Nadu government employees and teachers took a decisive turn, with the state rolling out the Tamil Nadu Assured Pension Scheme (TNAPS), a long-awaited reform that seeks to address a demand pending for nearly two decades. Chief Minister M.K. Stalin ordered the implementation of the new scheme last week, and the state government on Saturday issued a formal order detailing its broad framework and scope. The Assured Pension Scheme is designed to blend…
Latest Contributory Pension Scheme News & Updates
Chennai, Jan 3 (IANS) Tamil Nadu Chief Minister M.K. Stalin on Saturday announced the implementation of a new Tamil Nadu Assured Pension Scheme (TNAPS) for State government employees and teachers, a move expected to impose an additional annual financial burden of around Rs 11,000 crore on the State exchequer. The announcement comes against the backdrop of long-standing demands by government employees and teachers for the restoration of the Old Pension Scheme (OPS).Ahead of the 2021 Assembly elec…
Chennai, Jan 3 (IANS) Tamil Nadu Chief Minister M.K. Stalin is likely to make a major announcement on the future of the State’s pension system on Saturday, raising expectations among government employees and teachers who have been agitating for the restoration of the Old Pension Scheme (OPS).The announcement comes at a critical moment, with employee federations having already declared an indefinite strike from January 6 if their demands are not met.Government employees’ and teachers’ union…