TAMILNADU CM MK STALIN ANNOUNCED A NEW PENSION SCHEME

* TAMILNADU CM M K STALLIN HAS ANNOUNCED A NEW PENSION SCHEME ON 3RD JANUARY 2026 

* FEATURES OF THE TAPS SCHEME - 

TAPS - TAMILNADU ASSURED PENSION SCHEME 

* GOVERNMENT EMPLOYEES AND TEACHERS WILL RECEIVE A GUARANTEED PENSION EQUAL TO 50% OF THE LAST DRAWN MONTHLY SALARY.

* EMPLOYEES WILL CONTRIBUTE 10% OF THEIR SALARY, WHILE THEIR ADDITIONAL FINANCIAL BURDEN REQUIRED TO ENSURE THE ASSURED PENSION WILL BE BORNE BY THE TAMILNADU GOVERNMENT.

* PENSIONER'S WILL ELIGIBLE FOR DEARNESS ALLOWANCE (DA) INCREASE EVERY 6 MONTHS, 

* IN CASE OF PENSIONER'S DEATH 60% OF THE LAST DRAWN PENSION WILL BE PAID AS A FAMILY PENSION TO THE NOMINATED FAMILY MEMBERS.

* GRATUITY UPTO RS 25 LAKH WILL BE PAID ON RETIREMENT OR IN THE EVENT OF DEATH DURING SERVICE, ( BASED ON THE LENGTH OF SERVICE) 

* AFTER THE IMPLEMENTATION OF THIS SCHEME, A MINIMUM PENSION WILL BE ENSURED FOR ALL EMPLOYEE ( WHO RETIRES WITHOUT COMPLETING THE QUALIFYING SERVICE FOR PENSION) 

* EMPLOYEE WHO JOINED SERVICE UNDER THE CONTRIBUTORY PENSION SCHEME (CPS) AND RETIRED WITHOUT A PENSION BEFORE THE IMPLEMENTATION OF TAPS WILL BE PROVIDED A SPECIAL COMPASSIONATE PENSION.

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