T.N. to appoint committee to study Unified Pension Scheme, says Thangam Thennarasu

Finance Minister Thangam Thennarasu. File
| Photo Credit: The Hindu

Tamil Nadu Finance Minister Thangam Thennarasu on Saturday (January 11, 2025) said the State government would appoint a committee to study the Unified Pension Scheme (UPS) announced by the Centre in 2024.

Responding to DMK member C.V.M.P. Ezhilarasan in the Assembly, the Minister said though the Centre had announced the UPS as an alternative to the Contribution Pension System (CPS) and the National Pension Scheme (NPS), it had not issued guidelines and implementation methods for the same.

“The objective of the scheme is to provide a minimum pension to government employees. When the guidelines are released, we will appointment a committee to study them in consultation with the Chief Minister. We will take steps to implement the scheme based on the recommendations of the committee,” he said.