Bharat Pensioners Samaj

                                                                  GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES ***** LOK SABHA UNSTARRED QUESTION NO. 3657 ANSWERED ON MONDAY, 11 AUGUST, 2025/ SRAVANA 20, 1947 (SAKA) OLD PENSION SCHEME FOR PSUS AND PSBS 3657. DR. DHARAMVIRA GANDHI Will the Minister of FINANCE be pleased to state:  (a) whether the Government has decided to extend the benefit of the Old Pension Scheme (OPS) to those Government employees whose appointment was made after 1 January 2004, but whose recruitment process/advertisement was initiated before 1 January 2004, if so, the details thereof; (b) whether the Government proposes to implement similar comprehensive provisions for employees of public sector undertakings and Public Sector Banks; and (c) whether the Government ensures ...

                                                                                  GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA STARRED QUESTION NO. *345 TO BE ANSWERED ON MONDAY, AUGUST 18, 2025/SRAVANA 27, 1947 (SAKA) TAX RELIEF TO SENIOR CITIZENS *345. Shri T R Baalu : Will the Minister of FINANCE be pleased to state: (a) whether the Government has any plans to grant further tax reliefs to the senior citizens of age 70 and above by enhancing the income-tax exemptions ceiling to Rs. 25 lakhs ; (b) if so, the details thereof and if not, the reasons therefor; and  (c) the details of income-tax collected from senior citizens above 70 years during the last five years? ANSWER THE FINANCE MINISTER (SMT. NIRMALA SITHARAM...

  File No. 1/3/2024-PR Government of India Ministry of Finance Department of Financial Services ( Pension Reforms Section ) 2nd Floor, Jeevan Deep Building Parliament Street, New Delhi Dated: the 25th August, 2025 OFFICE MEMORANDUM Sub.: Unified Pension Scheme (UPS)- Introduction of one-time one-way Switch facility from UPS to NPS- reg. The undersigned is directed to refer to the Unified Pension Scheme (UPS) notified by the Ministry of Finance vide Notification No. F. No. FX-11312024-PR dated 24th January 2025, for Central Government employees covered under the National Pension System (NPS). 2. It has been decided that a one-time, one-way switch facility from UPS to NPS shall be made available to all Central Government employees who have opted for UPS. This switch facility may be exercised by UPS optees any time not later than one year prior to the date of superannuation or three months prior to the deemed date of retirement in case of voluntary retirement , as applicable. Simila...