Wednesday 12 May 2021

APCPS విధానం పై నియమించిన SP టక్కర్ కమిటీ తుది ప్రతిపాదనలు

ఆంధ్రప్రదేశ్ రాష్ట్ర ప్రభుత్వం CPS విధానం పై నియమించిన SP టక్కర్ కమిటీ తుది ప్రతిపాదనలు 

The Expert Committee has thoroughly studied the Pensions Systems available across the Globe and proposes the following options for the State Government :

First Option (Option – A) is to revert back to OPS, which is a prerogative of the State Government


After analyzing the rising pension liabilities leading to massive financial obligations in the form of exponentially grown pension bill, but to support the concern of employees covered under NPS, the option to equalize or nearly equalize the CPS and OPS systems and to provide MinimumAssured Return, 

the Option – B is proposed.

This option besides providing Minimum Assured Return, proposed to create a system of decision making and budgetary / legislative support. These strategies include hike in employer’s contribution to equate / nearly equate with OPS and / creation of corpus fund etc., which are explained in detail in the following paragraphs.

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