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Maharashtra: Let’s be practical, not emotional about OPS, says Devendra Fadnavis

Finance Minister says he is ready to discuss the issue with employee unions

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Devendra Fadnavis talked about a report by the Reserve Bank of India which has assessed the liability of the states which have resumed OPS. Representation pic

Devendra Fadnavis talked about a report by the Reserve Bank of India which has assessed the liability of the states which have resumed OPS. Representation pic

Finance Minister Devendra Fadnavis has appealed to employees who are demanding the old pension scheme (OPS), and legislators who are supporting their demand, to think practically, instead of emotionally. He said considering the long-term financial liability, states which have opted for OPS won’t be able to sustain it after 2030.

He talked about a report by the Reserve Bank of India which has assessed the liability of the states which have resumed OPS. The report said the ratio of the burden and the income will hit the state budget, leaving much less money for development work, because the income will not increase as much, to support additional committed expenditure like pension and salary.

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