Even as the government’s Unified Pension Scheme (UPS) that was introduced earlier this year has found few takers so far, several employee associations are now planning to hold a protest at Jantar Mantar on November 9 to press for a return to the Old Pension Scheme (OPS) that was replaced by the National Pension System (NPS) in 2004.
The All-India NPS Employees Federation, along with other associations, is set to hold the protest to demand restoration of OPS at Jantar Mantar, its president, Manjeet Singh Patel, said. The federation has written to the Delhi Police to intimate the same, he said.
According to government sources, only about 4.5% (1.11 lakh) of the 23.93 lakh employees under NPS had decided to switch to UPS as on September 30.
The Cabinet had approved the UPS in August 2024