T’puram: The state govt issued an order ensuring an assured pension for its employees, effective from April 1, 2026. Finance minister K N Balagopal had announced in the state budget that the assured pension scheme would replace the National Pension Scheme (NPS). Those entering service from April 1, 2026 can choose between the assured pension scheme and NPS. Employees currently under NPS can also opt for the assured pension scheme. The maximum pension amount under the assured pension scheme will be 50% of the basic salary at the time of retirement. This will be calculated based on the salary scale approved by the state govt. Dearness relief will also be included. To receive the maximum pension, 30 years of service must be completed. Detailed orders containing all aspects of the scheme will be issued separately.
