- By Nidhi Giri
- Thu, 07 May 2026 03:29 PM (IST)
- Source:JND
Maharashtra announced a revised National Pension Scheme (NPS) for state employees and officials on Wednesday. Under the revised scheme, employees will receive 50 per cent of their last drawn salary as pension, along with a dearness allowance.
Dr Manjeet Patel, National President of All India NPS Employees Federation, has also raised many questions regarding the revised NPS. The scheme applies to employees who retired after 2005 and is retroactive to March 1, 2024. Eligible and willing employees have the option to join the scheme until December 31, 2026. This decision is expected to provide social and economic security to millions of employees across the state.
National President of AINPSEF raised questions
Dr Manjeet Patel, National President of the All India NPS Employees Federation, shared information about the revised pension scheme on the social media platform X. He first outlined the essential features of the scheme. He then explained what the revised National Pension Scheme is not.
Dr Manjeet Patel wrote, "The Maharashtra government has implemented the Revised National Pension Scheme, which provides for 50 per cent pension after 20 years of service, which is a welcome step, but withdrawing the employees' contribution in return is absolutely not justified."
"The Maharashtra government has not even mentioned the lump sum amount provision made by the central government. This is a huge irony. An employee has only a small amount at retirement, which the government can usurp. What kind of justice is this? The Maharashtra government needs to open its heart to the employees as well,” he further wrote.
Key Points About Revised National Pension Scheme (NPS)
-Employees with a service period of 20 years or more will receive 50 per cent of their last drawn salary as pension, along with dearness relief.
-For service period between 10 to 20 years, pension will be proportionate to the length of service.
-After completion of 10 years of service, the minimum pension has been fixed at Rs 7,500 per month.
-Family Pension: This will be 60 per cent of the employee's pension, including dearness relief.
-Withdrawal of Funds: Employees who opt for this scheme will have to deposit 60 per cent of their accumulated amount (withdrawn from PFRDA) into the government treasury through the Drawing and Disbursing Officer (DDO).
-Annuity Adjustment: The DDO will deduct the monthly annuity amount received from the 'Annuity Service Provider' (at 40 per cent of the corpus) from the total pension payable by the State Government.
-To avail the full benefits of this revised scheme, it is mandatory to repay any previous withdrawals made from the NPS corpus along with 10 per cent interest.
-Exception: Employees who have resigned will not be eligible for this scheme; they will only receive standard NPS benefits.