New Delhi, June 6 -- Government employee unions have long advocating for Old Pension Scheme (OPS) by scrapping the National Pension System (NPS). The debate has once again resurfaced in discussions around the 8th Pay Commission and even union bodies has acknowledged that a complete rollback of NPS and a return to OPS may not be possible.

OPS in India is a government-funded retirement plan that guarantees a fixed monthly pension for life. Under OPS, retired employees receive a guaranteed pension linked to their last drawn salary along with Dearness Allowance (DA) protection.

Demanding for OPS, All India NPS Employees Federation (AINPSEF) said in its memorandum, it provides "social security" and financial stability after retirement.

And,...