{"id":41499,"date":"2025-11-06T07:27:04","date_gmt":"2025-11-06T07:27:04","guid":{"rendered":"https:\/\/ppnewsline.in\/?p=41499"},"modified":"2025-11-06T07:27:04","modified_gmt":"2025-11-06T07:27:04","slug":"nps-is-not-secure-pension-scheme-for-post-retirement-life","status":"publish","type":"post","link":"https:\/\/ppnewsline.in\/?p=41499","title":{"rendered":"NPS is not secure\u00a0pension scheme\u00a0for post-retirement life"},"content":{"rendered":"<p>The elected government should immediately\u00a0restore old pension scheme\u00a0for NPS employees or withdrew all pension benefits given to the ex-legislators and double pension to all sitting and ex MPs, MLAs. Since, becoming MPs or MLAs are not govt\u00a0\u00a0salary, they are getting honorarium so all freebies provided to MPs &amp; MLAs be immediate be withdrawn to save exchequer and burden on public. There are Lakhs of\u00a0 NPS employees across the country facing discrimination at the hand of politicians. Pertinently new\u00a0pension scheme\u00a0was implemented in 1 January 2004 in centre and in\u00a0 Jammu and Kashmir it was implemented in 1 January 2010\u00a0 after winding up the\u00a0old pension scheme\u00a0(OPS).\u00a0\u00a0The then Prime minister Atal Bihari Bihari Vajpayee had stopped\u00a0\u00a0the old pension scheme, later present PM Narendera Modi\u00a0\u00a0from his party has stopped govt jobs for the educated youths but increased seats in Parliament and States.\u00a0\u00a0People are not happy with new\u00a0pension scheme, the employees working under\u00a0 NPS\u00a0 are demanding\u00a0restoration of old pension scheme\u00a0for all employees and claiming that NPS is not a secure\u00a0pension scheme\u00a0for their post-retirement life. NPS employees did not know much about this\u00a0scheme, but the way in which many NPS employees retired different states of the country, their retirement showed that there are many losses in this new\u00a0pension scheme\u00a0and NPS employees are not secure in new\u00a0pension\u00a0\u00a0scheme\u00a0.\u00a0NPS depends on individual risk tolerance and financial goals, and the scheme has mechanisms to manage risk, such as caps on equity exposure.\u00a0NPS is a market-linked scheme, so returns are not guaranteed and depend on market performance, which can be volatile.\u00a0At retirement, you are required to invest at least 40% of your corpus in an annuity, which provides a lifelong pension but limits your access to the entire lump sum. The pension received from the annuity is taxable, which can reduce your net retirement income<span id=\"m_6977929013313831277gmail-iLf8KacXvBJGQseMP2-mW-Q4_7\">.<\/span>\u00a0There are caps on equity investment, which can limit the potential for higher returns, especially for younger investors. Choosing a fund manager and navigating exit rules can be complex.\u00a0\u00a0NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA), which helps minimize fraud risk and ensures a secure investment environment.While annuities are taxable, a portion of the corpus (up to 60%) can be withdrawn tax-free at maturity, enhancing post-retirement income.\u00a0\u00a0If you seek a guaranteed return, then NPS is not the right choice. However, if you are comfortable with market-linked risks for potentially higher returns, can manage the complexity, and want a regulated scheme that can be a part of a diversified retirement portfolio, then it can be a secure option.\u00a0The key disadvantages of the NPS scheme are limited liquidity, a mandatory 40% annuity purchase at retirement, and market-linked returns that are not guaranteed. These factors mean that access to your funds can be restricted, a significant portion of your corpus is immediately tied up in an annuity, and the final pension amount is subject to market fluctuations.\u00a0As finance minister of J&amp;K, Chief minister must study on the key disadvantages of the NPS scheme included employee must be an NPS subscriber for at least 3 years to request a partial withdrawal. An NPS employee can withdraw up to 3 times from\u00a0\u00a0his\u00a0<a href=\"https:\/\/www.policybazaar.com\/income-tax\/nps-account\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.policybazaar.com\/income-tax\/nps-account\/&amp;source=gmail&amp;ust=1762500232315000&amp;usg=AOvVaw2m4FbVllgW2H6yXY4LnLsm\">NPS account<\/a>\u00a0during your entire subscription period. He can withdraw up to 25% of your own contributions (not your employer&#8217;s contributions. Between two partial withdrawals, you can withdraw only 25% of the amount you contributed during that specific period. NPS employee can\u00a0\u00a0withdraw up to 60% of the total NPS corpus tax-free. But the remaining 40% must be used to buy an annuity (pension plan).\u00a0\u00a0Time has ripe to say good bye to the NPS scheme and freebies to the legislators\u00a0\u00a0to save country from financial disaster.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The elected government should immediately\u00a0restore old pension scheme\u00a0for NPS employees or withdrew all pension benefits given to the ex-legislators and double pension to all sitting and ex MPs, MLAs. Since, becoming MPs or MLAs are not govt\u00a0\u00a0salary, they are getting honorarium so all freebies provided to MPs &amp; MLAs be immediate be withdrawn to save [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":40301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-41499","post","type-post","status-publish","format-standard","has-post-thumbnail","category-edit-opinion"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NPS is not secure\u00a0pension scheme\u00a0for post-retirement life - PP Newsline<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ppnewsline.in\/?p=41499\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NPS is not secure\u00a0pension scheme\u00a0for post-retirement life - PP Newsline\" \/>\n<meta property=\"og:description\" content=\"The elected government should immediately\u00a0restore old pension scheme\u00a0for NPS employees or withdrew all pension benefits given to the ex-legislators and double pension to all sitting and ex MPs, MLAs. 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