In a populist budget announced before the State Assembly election in 2023, Rajasthan's Chief Minister pledged the reinstatement of the previous pension scheme for government employees. The decision to rescind the new pension program sets a bad example for future governments. Several parties have made similar promises during the current state elections.
More than three lakh government employees hired after January 1, 2004 will profit from this decision in Chhattisgarh.
Defined Pension Benefit Schemes (DPBS), which guarantee a retirement pension, are experiencing a financial issue around the world.
As the elderly live longer (and retirees live even longer, because to better diets and first-world medical care), and demographic shifts limit the number of young to pay for the elderly, this is an ever-increasing difficulty.Read More - https://thelatestaffairs.com/states-returning-to-old-pension-scheme/
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