New Pension Scheme 2026: If you are a government employee, this news could be very important for you. The government has given significant relief to government employees and teachers at the beginning of the new year. This relief has been provided by the Tamil Nadu government. Chief Minister MK Stalin has announced a new pension scheme that will ensure financial security after retirement, similar to the old pension system. The system that employees had been demanding for a long time has now been implemented.
What is the new pension scheme?
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The Tamil Nadu government has launched an Assured Pension Scheme for government employees and teachers. This scheme is the result of a demand that has been ongoing for about twenty years. While announcing the scheme, the Chief Minister said that government employees and teachers are the strong foundation of the state’s system, and their social security is the responsibility of the government.
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What benefits will be received in the pension?
Under this new scheme, employees who retire will receive 50 percent of their last drawn salary as a pension. Along with this, there will also be an increase in the dearness allowance on the pension amount every six months to mitigate the impact of rising inflation.
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Family will also receive a safety net
If a pensioner dies, their nominated family member will receive 60 percent of the total pension as a family pension. If the employee dies during service or at the time of retirement, a death gratuity of up to a maximum of Rs. 25 lakh will also be given based on their length of service.
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Increased financial burden on the government
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Chief Minister Stalin also acknowledged that this scheme will increase the financial burden on the state government. It is estimated that the government will have to contribute approximately Rs. 13,000 crore extra to the pension fund and will have to bear an annual expenditure of approximately Rs. 11,000 crore. Despite this, the government has clarified that the security and respect of the employees are more important.
Scheme receives support
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Several leaders have praised the Tamil Nadu government’s new Assured Pension Scheme. Senior Congress leader and former Union Minister P. Chidambaram also welcomed the decision, calling it beneficial for employees and teachers.