High Court Orders Transfer of NPS Funds to Old Pension Scheme for 99,000 MP Teachers

In a landmark decision, the High Court has ordered the transfer of National Pension Scheme (NPS) funds to the Old Pension Scheme (OPS) for 99,000 teachers in Madhya Pradesh. The court rejected the state government’s request to keep the NPS funds within the new scheme. The ruling ensures that teachers will receive pension benefits under the older, more established OPS framework. The state is expected to comply with the court order, which will affect pension payouts for the affected teachers.