📷 Image: Wikimedia Commons / Vyacheslav Argenberg
Politics
Karnataka Government to Abolish NPS and Bring Back OPS, Says Parameshwara
✍️ business-standard.com
🗓 06 Sep 2026, 12:36 AM
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Senior minister K. Parameshwara announced that Karnataka will discontinue the National Pension Scheme and reinstate the Old Pension Scheme in the near future.
The Karnataka state government has signaled a policy shift in its pension framework. According to senior minister K. Parameshwara, the existing National Pension Scheme (NPS) will be withdrawn.
The administration plans to re‑introduce the Old Pension Scheme (OPS), which offers defined benefits, within the coming weeks. Officials say the move addresses concerns raised by government employees over the NPS.
Authorities indicated that the transition will be managed to minimise disruption for current pensioners, although detailed timelines and implementation guidelines have not yet been released.
The decision comes amid broader debates across Indian states about the sustainability of pension reforms, with Karnataka joining a few others that have reconsidered the NPS.
The administration plans to re‑introduce the Old Pension Scheme (OPS), which offers defined benefits, within the coming weeks. Officials say the move addresses concerns raised by government employees over the NPS.
Authorities indicated that the transition will be managed to minimise disruption for current pensioners, although detailed timelines and implementation guidelines have not yet been released.
The decision comes amid broader debates across Indian states about the sustainability of pension reforms, with Karnataka joining a few others that have reconsidered the NPS.