The recent shift from the old pension scheme (OPS) has left many individuals, especially retirees and soon-to-be retirees, in a state of financial insecurity. The OPS offered a defined benefit plan, providing predictable and stable monthly pensions, which allowed retirees to plan their lives after retirement without fear of financial downfall.

With the new pension schemes, the dependability that once came with retirement planning has been eroded. Many pensioners have found themselves grappling with fluctuating pension amounts due to market conditions, which were never a concern under the OPS. For a demographic that has contributed to the workforce for a significant part of their lives, providing consistent and reliable post-retirement financial support is not just warranted, but essential for their dignity and well-being.

Implementing the OPS once again would ensure that retirees receive the financial assistance they rightly deserve, reflecting their years of service and contribution. The OPS has proven itself to be a stable and trustworthy system in the past, and reviving it would restore faith among retirees, ensuring security and stability in their golden years.

We urge policymakers to reconsider their stance and bring back the old pension scheme for the benefit of future pensioners. It's crucial to recognize that the reliability of the OPS provides not only monetary security but also peace of mind.

Please sign this petition to call for the reinstatement of the old pension scheme, ensuring a secure and dignified future for our retirees.