The work of the Eighth Pension Commission Council is actively underway, and the commission regularly holds meetings in various cities to discuss salary and pension issues with employees. During these meetings, key topics discussed include the matching factor, allowances, and pension provision.
In addition to the matching factor, salary review, and allowances, the comparison between the Old Pension System (OPS) and the National Pension System (NPS) is a pressing issue at the commission's meetings. Central employees and retirees hired after 2004 insist on being provided with a 'guaranteed pension.'
Employees hired after 2004 express dissatisfaction with the new market-based pension system. Trade unions presented to the Eighth Pension Commission Council have clearly stated that the existing market-dependent plans cannot ensure their financial security and that of their families in the future. Employees demand the restoration of the benefits of the old pension system (OPS) for them, while employees of the Survey of India have also called for the complete restoration of OPS.
Retirees representing Bharat Pensioners Samaj (BPS) have put forward demands regarding the minimum pension amount. BPS recommended increasing the minimum pension to 45,000 rupees monthly, setting the pension amount at 67% of the last salary, and designating a family pension of 50% of the last salary.
The commission visits various zones across the country to hear the opinions of all representatives. At these meetings, memoranda on serious issues such as increasing the matching factor, raising the minimum wage, and pension parity were presented. The commission may submit its report to the central government by May-June 2027. Once the recommendations are approved by the government, they will be implemented. Then it will become clear whether the government will triple pensions and consider the OPS demands. The final report, which will be released in 2027, will determine whether millions of employees hired after 2004 will benefit from OPS.
