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New Delhi. In his reply given on August 13, 2025 in Lok Sabha (Lok Sabha), Minister of State for Finance, Pankaj Chaudhary, Pankaj Choudhary clarified that those employees of the Central Government (Central Government) will not get the benefit of old pension scheme (OLD Pension Scheme.- OPS), which will not be benefited before 22 December. The vacation that was left was, but he joined the job after January 1, 2004. For this, the government had already given a special one-time option on March 3, 2023, whose deadline has been completed. Now no new proposal is under consideration.

Who could get OPS?
According to the OM number 57/05/2021-p & pw (b) released in the year 2023, only those central employees could apply for OPS, who passed the results announced before 31 December 2003, their vacancy was notified before 1 January, 2004. But they came on the job after 1 January, 2004 and joined the NPS. These employees were to submit the form by August 31, 2023 and the appointment authority had to take a decision by 30 November 2023. Now this chance is over.

What are the rules for SBI employees?
According to a report, while answering the question of Patiala MP Dharamvir Gandhi in the Lok Sabha, Minister Chaudhary made it clear, “No employee joining SBI after August 1, 2010 will get OPS benefits”. Whether its recruitment process has started before that date or the delay in the job is due to a “compulsory reason”.

What is the difference between OPS and NPS?
OPS (Old Pension Scheme): It used to get 50% pension of the last salary on retirement. There was no contribution from the employee. It was closed in 2004, but some states are still running it. NPS (National Pension System): This is a market -based scheme, where both employees and government contribute. The pension amount is not fixed on retirement, it depends on the performance of the fund.

New option: Unified Pension Scheme (UPS)
Instead of OPS, the Central Government has now started the Unified Pension Scheme (UPS), which is an option inside the NPS. In this, after 25 years of service, there is a 50% guaranteed pension of the last 12 -month basic salary on retirement. The employee will contribute 10% of his salary, while the government will give 18.5%. Its option can be exercised by September 30, 2025. So far, only 1.35% of the employees have chosen it.