|Author: Venkiteswaran. 19 May 2012 Member Level: Diamond Points : 1 Voting Score: 0|
If you have the option to choose, then my personal opinion is that the old system pension,where there is assured monthly pension - is the better option.
New pension scheme if it involves the market investment element has its own risks.
|Author: Kalyani 19 May 2012 Member Level: Diamond Points : 3 (Rs 2) Voting Score: 0|
Here as per the court order it is clear that the old pension is applicable only to the permanent employees whose service is made permanent before 1 Nov 2005 and in case the employee is on temporary / contract basis is not eligible to receive old pension though he joined before 1 Nov 2005 and he / she is eligible for getting the new pension under the new pension scheme. In such a case, do you have the option to chose either old or new pension irrespective of your joining date? If no, then there is no point in asking this question as you have to get new pension only. Or if you have the option to chose, then you have to go according to your interest / choice as any scheme under the govt pension scheme would be beneficial and useful to the pensioners.