New Pension Scheme 2026: The Tamil Nadu government has announced a major relief for its employees and teachers. Chief Minister M.K. Stalin has introduced the Tamil Nadu Assured Pension Scheme (TAPS), which aims to provide retirement benefits similar to the Old Pension Scheme and ensure long-term financial security.
What is this new pension plan?
Chief Minister Stalin unveiled the Tamil Nadu Assured Pension Scheme, addressing a two-decade-old demand of government employees and teachers. He said that government employees and teachers are the backbone of the state and ensuring their social security is the government’s responsibility.
How much pension will I receive?
Under the new pension scheme, government employees will get a pension equal to 50% of their last wage. Furthermore, the dearness allowance for government personnel receiving pensions through this system will be adjusted every six months.
In the event of a pensioner’s death, the chosen family member will get 60% of the total pension as a family pension. If an employee dies on duty or at retirement, they would get a death gratuity of up to ₹25 lakh, based on their service tenure.
New Pension Scheme : Burden on the government.
Chief Minister Stalin agreed that the new system will raise the government’s financial burden, but employee wellbeing comes first. According to data, the state government will need to contribute an additional ₹13,000 crore to the pension fund and suffer an annual expense of around ₹11,000 crore.
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Meanwhile, P. Chidambaram, a senior Congress leader and former Union Minister, hailed and commended the new ‘Tamil Nadu Assured Pension Scheme’ (TAPS) for Tamil Nadu government employees and teachers.
