"This Is False": Centre Denies Reports On Possible Tweak In Pension System

The centre denied the reports that suggested that the government will propose 40-45% of their last drawn salary as pension to employees.

Dismissing a media report on possible changes in the new pension system in the country as "false", the Union Finance Ministry on Thursday clarified that the matter is still under deliberation and no conclusion has been reached.

Earlier, reports suggested that the government will propose 40-45 per cent of their last drawn salary as pension to employees instead of the current employee-government contributed scheme.

With reference to the report, which gave details of pensions being allegedly proposed by the government for the employees under the National Pension System, the Finance Ministry said, "This news report is false."

"The committee, set up under the chairmanship of the Finance Secretary in pursuance of an announcement made by the Union Finance Minister in the Lok Sabha in the last Budget Session, is at present in the midst of its deliberations and is in the process of consulting stakeholders," the Finance Ministry tweeted, adding the Committee has not yet reached any "conclusion whatsoever".