News > Demand to restore old pension scheme

Demand to restore old pension scheme

12/01/2023 09:35 PM | Click to read full article

Members of the South Western Railway Mazdoor Union staged a demonstration in the city on Thursday calling for the abrogation of the National Pension System (NPS) and wanted the restoration of the old pension scheme. The NPS is in vogue in the case of employees who joined after January 1, 2004, and the union members said that the money was invested in stocks and shares and hence was fraught with the danger of market volatility and affected the employees.