Committee to be formed to study Unified Pension Scheme, says minister

FINANCE Minister Thangam Thennarasu said the government would constitute a committee to study the Unified Pension Scheme (UPS) announced by the Government of India (GoI).

- T MURUGANANDHAM

He said based on the committee’s recommendations, the scheme would be implemented in a manner suitable to Tamil Nadu.

The minister said this while responding to a query from DMK MLA CVMP ezhilarasan during the zero hour. Thennarasu said though the GoI has announced the UPS as an alternative to the contributory pension scheme (CPS) and the national pension scheme (NPS), it is yet to release detailed guidelines on the scheme’s implementation. he said the state committee will be formed after the guidelines are issued by GoI.