📷 Image: Wikimedia Commons / Vyacheslav Argenberg
Politics
Karnataka to Axe NPS and Bring Back OPS, Says Minister Parameshwara
✍️ Business Standard
🗓 06 Sep 2026, 04:26 AM
👁 4
The Karnataka government announced it will discontinue the National Pension Scheme for state employees and re‑introduce the Old Pension Scheme shortly, according to senior minister K. Parameshwara.
Karnataka’s administration has signaled a policy shift concerning pension benefits for its workforce. Senior minister K. Parameshwara confirmed that the state will scrap the National Pension Scheme (NPS) currently in force for government employees.
The move aims to replace the NPS with the Old Pension Scheme (OPS), a benefit structure that provides defined pension payouts. Parameshwara indicated that the transition to OPS will occur in the near future, though no specific timeline was disclosed.
The decision reflects ongoing debates in several Indian states over the sustainability of the NPS and the demand from employee unions for the more secure OPS. The Karnataka government has not released further details on implementation procedures or the impact on existing pensioners.
Stakeholders are expected to monitor the rollout closely, as the change could affect thousands of state workers and their retirement planning.
The move aims to replace the NPS with the Old Pension Scheme (OPS), a benefit structure that provides defined pension payouts. Parameshwara indicated that the transition to OPS will occur in the near future, though no specific timeline was disclosed.
The decision reflects ongoing debates in several Indian states over the sustainability of the NPS and the demand from employee unions for the more secure OPS. The Karnataka government has not released further details on implementation procedures or the impact on existing pensioners.
Stakeholders are expected to monitor the rollout closely, as the change could affect thousands of state workers and their retirement planning.