# No plans to restore Old Pension Scheme, Centre tells Lok Sabha 2026-08-10T16:05:36+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Union government has no proposal to restore the Old Pension Scheme (OPS) for its employees, citing an unsustainable fiscal burden, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha on Monday. Responding to MP Indra Hang Subba, Chaudhary said the Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013, and its regulations have no provision to refund the accumulated NPS corpus, currently ₹3.65 lakh crore for central employees, to state governments. Five states, Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh, have informed the Centre about their decision to revert from the National Pension System (NPS) to OPS. Chaudhary noted this is a state subject but flagged reports from the Comptroller and Auditor General (CAG) highlighting fiscal risks. He also reiterated that the Unified Pension Scheme (UPS), launched on April 1, 2025, offers defined, inflation-linked benefits with a minimum ₹10,000 monthly payout under NPS. ## Coverage - livemint.com - economictimes.indiatimes.com Tags: fiscal deficit, NPS, Old Pension Scheme, OPS, PFRDA, Unified Pension Scheme Canonical: https://indianopinion.org/no-old-pension-scheme-restoration-centre-tells-lok-sabha/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/no-old-pension-scheme-restoration-centre-tells-lok-sabha/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.