7th Pay Commission Latest News: In a major development, the Narendra Modi government has decided to give a ‘one-time switch’ option to central government employees to put them under the Central Civil Services (Pension) Rules, 1972, instead of the National Pension System (NPS). An Office Memorandum (OM), which gives employees an option to opt for the Old Pension Scheme (OPS) in place of NPS, has been issued by the Department of Pension and Pensioner’s Welfare under the Government of India. Also Read - 7th Pay Commission Latest News: Setback For Central Employees as no Decision on DA in Budget 2020
The option to switch will be available only to those employees whose selection was finalised before January 1, 2004, but who joined service after the said date. Also, as per the memorandum, only those employees shall be liable for one-time switch who were declared successful for recruitment before January 1, 2004, against vacancies pertaining to the period before that date. Also Read - 7th Pay Commission Latest News Today: 5% Dearness Allowance Hike For Himachal Pradesh State Employees
After the introduction of NPS, all those, who were appointed to posts in central government services (except armed forces) on or before January 1, 2004, mandatorily come under the NPS. The CCS (Pension) Rules, 1972, as well as other related rules, were amended and not made applicable to those appointed to government services after December 31, 2003. Also Read - 7th Pay Commission Latest News: DU College Offers 57 Vacancies For Assistant Professor Post | Apply Here
This, however, was changed after the government received requests from the central government employees, appointed on or before January 1, 2004, requesting the benefits of the CCS (Pension) Rules, 1972. The grounds behind they made such a request was a delay in appointment due to administrative reasons or lapses.