Thiruvananthapuram, March 1 -- The Kerala government has formally issued orders implementing the Assured Pension Scheme for state government employees, ensuring a guaranteed minimum pension.
The move comes in line with the Budget announcement by Finance Minister K. N. Balagopal, who had declared that an alternative to the National Pension System would be introduced in the state.
According to the order, the Assured Pension Scheme will be effective from April 1, 2026. Employees joining government service on or after that date can opt either for the Assured Pension Scheme or continue under the existing National Pension System (NPS). The government has also provided an option for employees currently covered under the NPS to switch to the new ...