Big news regarding old pensions is also being heard across the country. At this time, the old pension scheme has also been restored in many states of the country. At the same time, the demand for its re-implementation has started increasing rapidly in many states. In the midst of the ongoing debate regarding the old pension and the new pension system, the Minister of State for Finance has also made a big disclosure. The Modi Government has also given information about the Old Pension Scheme (OPS) in the House.

Minister of State for Finance Bhagwat Karad informed in the Lok Sabha that at present the old pension scheme has been restored in 5 states of the country. Which includes Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh. These state governments have also informed the Center about the implementation of the old pension scheme.

Bhagwat Karad has said that according to the RBI report 'State Finances: A Study of Budget of 2022-23', annual savings in fiscal resources are also moving for this step, it is short term. These states are at risk of unfunded pension liabilities in the years to come.

The Minister of State for Finance, while replying to a question in the Parliament, has said that the state governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh have informed the Pension Fund Regulatory and Development Authority about the implementation of the old pension scheme. Development Authority (PFRDA) has also been informed.

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