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Stalin announces Assured Pension Scheme
January 04, 2026
|The Morning Standard
New scheme to provide pension equal to 50% of employee's last-drawn salary; state government to fully bear cost
Tamil Nadu CM M K Stalin presents appointment orders to 621 police sub-inspectors and 129 fire station officers in Kotturpuram, Chennai on Saturday
(ASHWIN PRASATHI)
WITH just months to go for the Assembly election, Chief Minister M K Stalin on Saturday announced the 'Tamil Nadu Assured Pension Scheme (TAPS)' for state government employees and teachers, guaranteeing a pension equal to 50% of their last-drawn monthly salary.
Employee unions that had threatened to launch an indefinite strike from January 6 have now withdrawn their protest after the announcement.
As per TAPS, which comes after the 23-year struggle of government staff for restoration of the Old Pension Scheme (OPS), the employees will contribute 10% of their basic salary to the pension corpus and the state will bear the rest. Under OPS, the government was bearing the entire pension fund contribution.
هذه القصة من طبعة January 04, 2026 من The Morning Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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