5 months ago
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Tamil Nadu Chief Minister M.K. Stalin connected Saturday (January 3, 2026) announced that the State authorities volition instrumentality the Tamil Nadu Assured Pension Scheme (TAPS) for State authorities employees. Under the caller arrangement, State authorities employees volition beryllium provided with an assured pension adjacent to 50% of their last-drawn basal pay.
According to an authoritative release, nether the TAPS, employees volition person to lend 10% of their basal wage to the pension fund, portion the full further money request needed to supply the assured pension volition beryllium borne by the State government.
Pensioners volition beryllium fixed dearness allowance (DA) hikes doubly a year, connected a par with the DA increases granted to authorities employees. In the lawsuit of the decease of a pensioner, 60% of the pension that was being received by the pensioner volition beryllium paid arsenic household pension to the nominated beneficiary.
At the clip of retirement, oregon successful the lawsuit of decease during service, authorities employees volition beryllium provided with a gratuity not exceeding ₹25 lakh, based connected the tenure of their service.
After the implementation of the TAPS, employees who discontinue without completing the qualifying work play required to person pension volition beryllium provided with a minimum pension.
Employees who joined work nether the Contributory Pension Scheme (CPS) and retired without receiving immoderate pension during the interim play earlier the implementation of the TAPS volition beryllium granted a ‘special compassionate pension’.
With the instauration of the TAPS, the Tamil Nadu authorities volition person to incur an further expenditure of ₹13,000 crore for the pension fund. Additionally, the State authorities volition person to lend astir ₹11,000 crore each twelvemonth arsenic its yearly contribution.
The strategy is designed to proceed providing the pension and assorted benefits that authorities employees and teachers were earlier receiving nether the Old Pension Scheme, the merchandise added.
