Fadnavis echoes Ahluwalia on OPS demand

State Home minister cites increment to 68% in state’s expenditure

First India Bureau Mumbai: Deputy Chief Minister Devendra Fadnavis on Friday expressed opposition for the old pension scheme (OPS) in the Legislative Council enchoing former Planning Commission Deputy Chairman Montek Singh Ahluwalia.

Fadnavis was responding to a question raised by Congress member Rajesh Rathod regarding the state’s plans on the implementation of OPS for teachers and state government employees who joined after 2005.

Recently, economist and NITI Aayog’s Ahluwalia said that going back to implementing OPS was a “recipe for financial bankruptcy”.

Fadnavis told the Upper House, “Ahluwalia has said that reverting to OPS amounts to passing the financial burden onto the next governments. Salaries, wages and pensions already account for 58% of the state’s annual expenditure and it is increasing to 62%. By the next financial year, it will be 68%.”

Under Old Pension Scheme (OPS), employees get a defined pension. An employee is entitled to a 50% amount of the last drawn salary as the pension. OPS was discontinued by the

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