‘The Rules For Pension Validation Won’t Be Changed’: FM Sitharaman
Updated: 29-03-2025 at 3:31 PM
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Pensions are one of the key components of the lives of many retired and soon-to-be-retired individuals. It gives people the financial security they need to lead healthy and fulfilled lives. However, recently, there has been quite a buzz about the pension validation rules and their expected impact on the benefits enjoyed by pensioners.
Recently, the Finance Minister of India, Smt Nirmala Sitharaman, clarified and cleared the doubts of the pensioners.
Read the article to learn more details about the pension validation rules and its actual impact.
Pension Validation Rules
Recently, the Lok Sabha of India passed the Validation of the Central Pay Commission (Pension) Rules and Principles for expenditure on Pension Liabilities from the consolidated fund of India as part of the Finance Bill of 2025.
The passing of this bill surmounted doubts in the minds of pensioners regarding the expected impact of the bill on their pension benefits.
No Change In Benefits
Sitharaman clearly stated that the pension validation rules won’t affect their pensioners or any other benefits that they are currently reaping because of the pension system.
“The validation rules DO NOT, in any way, change or alter the existing pensions so fixed of existing Civil Pensioners from the present stage. The validation rules also DO NOT affect Defense Pensioners in any way as they are covered by separate rules”, Sitharaman expressed.
The pension validation rules are only being done to incorporate the recommendations made in the 6th Central Pay Commission (CPC). So, in reality, the validation of pension rules isn’t a new change but simply an update of the same old rules of the CCS Pension of 1972.
The Finance Minister also expressed that the pensioners who retired before the 1st of January 2016 are receiving the same pensions as those who retired after the 1st of January 2016.
Some Major Pension Schemes
Three major pension schemes are running in the country. All three are mentioned below for one’s reference:
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Old Pension Scheme: The Old Pension Scheme was working till the year 2004, right till the announcement of the National Pension Scheme. In OPS, employees were entitled to a fixed pension amount, calculated as per their last drawn salary. The government pension was also subjected to change as per inflation by giving dearness allowances (DA)
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National Pension Scheme: In NPS, both the government and the employee were subjected to providing a certain amount to their pension fund. The total pension amount relied on the total of the contributions made by the employee, and some portion of their pensions were invested in market-linked funds.
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Unified Pension Scheme: The objective of UPS’s introduction is simply to fill the gaps between the Old and National pension schemes and make the pension system efficient and smoother. UPS will include provisions for family pension and a minimum amount of fixed pension for all govt employees.
Conclusion
The assurance given by Sitharaman clarifies major doubts of the pensioners and the employees. She also stated that the government is committed to keeping the pension system fair for all, and even if any amendments will be introduced in the future, they’ll only be done to benefit the pensioners and improve their lives.
Stay updated with Jaagruk Bharat to get the latest information on government schemes and more, and reach out to us via our community page if you have any questions or want to share your thoughts.
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