On 31 January, 2024, the government workers in Assam called for the reinstatement of the old pension scheme (OPS). They said that if the government doesn’t listen to their request, the protests will become more serious and intense.
According to the reports, the All Assam Government NPS Employees’ Association (AAGNPSEA) arranged a rally in Guwahati, drawing the participation of thousands of state employees.
The report mentions that teachers, workers and all state employees are united in demanding the abolition of NPS and the restoration of OPS. The organisation initiated various programmes on 20 January 2024, to advocate for their cause, culminating in a large gathering in the state capital. The programmes aimed to raise awareness about the drawbacks of NPS and highlight the need for OPS for societal benefit.
The workers urge the government to understand the struggles of the working class. There’s a clear request for the government to ensure financial security for employees in retirement.
Over 10,000 people joined forces to support the revival of OPS. With OPS, a government worker receives a monthly pension equal to half their last salary, requiring no extra contributions.
In contrast, NPS demands employees contribute 10 per cent of their basic salary and dearness allowance, matched by the government. These funds are invested in approved pension plans, and returns may fluctuate based on the market.
