HomeEconomicsNPS money belongs to employees, not states: Sitharaman

NPS money belongs to employees, not states: Sitharaman

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  • Nirmala Sitharaman, the minister of finance, stated on Thursday that the National Pension Scheme (NPS) funds are the property of the employees who have paid into it and that state governments are not permitted to recover them under the law.
  • This arose after states governed by the Congress requested funding from the Center to reinstate an old pension programme (OPS). “

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