4 months ago
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The Tamil Nadu Assured Pension Scheme for State authorities employees, announced precocious by Chief Minister M.K. Stalin, has travel into effect from January 1, 2026.
A Government Order (G.O.) to this effect was issued by the Finance section connected Friday (January 9) and circulated connected Saturday (January 10). According to the G.O., the TAPS volition beryllium mandatory for each eligible authorities employees who participate work from January 1, 2026. All eligible authorities employees who are governed by the Contributory Pension Scheme (CPS) and who discontinue connected oregon aft January 1, 2026 volition beryllium covered nether the TAPS.
All authorities employees who were successful work earlier January 1, 2026 and were covered nether the CPS volition beryllium provided an enactment astatine the clip of status to take betwixt the benefits nether the TAPS oregon those equivalent to what they would person received nether the CPS.
Government employees covered nether the TAPS, including those who initially joined work nether the CPS but are subsequently covered nether the TAPS and opt for TAPS benefits astatine retirement, volition beryllium entitled to a minimum pension and volition beryllium permitted to commute a information of their pension.
The TAPS volition beryllium made operational aft notification of the rules and completion of indispensable statutory and accounting requirements. The State authorities volition notify elaborate rules, eligibility conditions, operational guidelines and implementation procedures separately, the G.O. said.
On January 3, Mr. Stalin announced the implementation of TAPS, nether which State authorities employees volition beryllium provided with an assured pension adjacent to 50% of their last-drawn basal wage and dearness allowance. They volition person to lend 10% of their basal wage to the pension fund, portion the further money request needed to supply the assured pension volition beryllium borne by the State government.
In the lawsuit of the decease of a pensioner, 60% of the pension that was being received volition beryllium paid arsenic household pension to the nominated beneficiary. Pensioners and household pensioners volition beryllium fixed dearness allowance hikes doubly a year, connected a par with serving authorities employees. At the clip of retirement, oregon successful the lawsuit of decease during service, authorities employees volition beryllium provided a gratuity not exceeding ₹25 lakh, based connected the tenure of their work nether the TAPS.
