Chennai, Jan 4 (IANS) Former Union Finance Minister and Congress leader P. Chidambaram has said that the newly announced Tamil Nadu Assured Pension Scheme (TAPS) would place additional pressure on the State’s finances but can still be implemented successfully if backed by strong and disciplined financial management. Responding to criticism surrounding the scheme, Chidambaram shared his views in a post on X, stressing that fiscal prudence and improved revenue mobilisation would be crucial to su…
Latest Old Pension Scheme News & Updates
Chennai, Jan 4 (IANS) Allies of the ruling DMK have welcomed the Tamil Nadu government’s decision to implement the Tamil Nadu Assured Pension Scheme (TAPS), describing it as a landmark reform that addresses a long-standing demand of government employees and teachers and restores dignity in retirement.Leaders of parties aligned with the DMK said the announcement by Chief Minister M. K. Stalin marked the culmination of a struggle that has spanned nearly two decades. They underlined that, even as…
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…