Govt Signals Shift Toward Sustainable, Contributory Pension Framework
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar said the government has used the terms of reference to close a route back to the old pension scheme, and wants pension sustainability to depend on employees' own investment choices and discipline.
More of Abhishek's views on retirement
The article reports that the government has asked the 8th Central Pay Commission to examine the cost of unfunded, non-contributory pensions. It explains how the old pension scheme works and why this signals that the government prefers contributory models such as NPS over a return to the old scheme.
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Govt Signals Shift Toward Sustainable, Contributory Pension Framework