NPS vs OPS: Which Gives You More at 60?
Lakhs of central government employees want the Old Pension Scheme back. NPS links your retirement income to stock markets with no guarantee. Here's what both schemes actually mean for your monthly income after retirement.
A govt teacher retiring under OPS gets a fixed ₹30,000+/month — NPS retiree may get ₹12,000 if markets underperform.
NPS gives you zero guaranteed pension — your retirement depends on market returns
Key Takeaways
Check your NPS account statement on the NPS Trust portal (npstrust.org.in) to see your current corpus, fund allocation, and projected annuity at your retirement age.
Compare annuity rates from at least 3 IRDAI-approved annuity providers before you retire — rates vary by up to 1.5% across insurers, which translates to thousands per month.
If you are a private sector employee, ask your HR whether your employer deposits NPS contributions — and switch your NPS tier-I allocation to a mix of equity and government bonds based on how many years you have left.
Lakhs of central government employees want the Old Pension Scheme back. NPS links your retirement income to stock markets with no guarantee. Here's what both schemes actually mean for your monthly income after retirement.
Here's what happened: Central government teachers have formally demanded restoration of the Old Pension Scheme, arguing NPS leaves retirees exposed to market volatility with no income floor.. The 8th Pay Commission is currently reviewing pay structures for central government employees, making pension reform one of the most contested items on the table.. Several state governments including Rajasthan, Himachal Pradesh, and Punjab have already reverted to OPS for state employees, adding pressure on the Centre to reconsider..
What you should do: Check your NPS account statement on the NPS Trust portal (npstrust.org.in) to see your current corpus, fund allocation, and projected annuity at your retirement age.. Compare annuity rates from at least 3 IRDAI-approved annuity providers before you retire — rates vary by up to 1.5% across insurers, which translates to thousands per month.. If you are a private sector employee, ask your HR whether your employer deposits NPS contributions — and switch your NPS tier-I allocation to a mix of equity and government bonds based on how many years you have left..
NPS subscribers can change their fund manager once per year for free — if your current fund's 5-year returns lag peers by more than 1%, switching costs you nothing but inaction does.
For readers weighing their credit and loan options, our personal loan guide and CIBIL score resources put this update in context.
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- [1]“8th pay commission latest news: Central government teachers demand Old Pension Scheme, 65-year retirement age, more leave and higher promotion quota” Wealth-Economic Times · 8 Aug 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.