New Delhi, Sept. 30 -- The administration of Jammu and Kashmir has permitted certain government employees covered under the National Pension System (NPS) to opt for the Old Pension Scheme (OPS) on a one-time basis. In the same vein, the finance ministry issued a government order on 28 September, with eligible employees permitted to exercise the option until 28 December. Post the date, the option will be closed.

It is also vital to note that the chosen option is final. This means employees who shift to the OPS will not be permitted to return to NPS later. Let us examine the various aspects of the order in detail.

This is a concession that is aimed at employees caught between the old pension regime and the introduction of NPS in J&K. To s...