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Centre gives 'one-time' option to IAS, IPS, IFoS officers to choose OPS. Here's the condition
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livemint.comgovernment employees who are eligible to go back to OPS as per the instructions but do not exercise the option by the deadline will continue to be covered in the national pension system (NPS). The option once exercised shall be final and the officers cannot change it afterward, the order said.
The development comes as the issue of OPS gained political momentum before the Lok Sabha elections in 2024. Previously, some states have fought the elections on the issue and the results were not very great for the BJP.
Recently, the Union Government also hinted at making some changes in the NPS which will provide the employees with more benefits, but the government stood clear on the matter that it will not go back to the OPS. (With inputs from PTI)
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