Restore OPS and refund NPS amount without deduction
Restore OPS and refund NPS amount without deduction
The Issue
Having developed strong relationships over the years with many dedicated individuals working in banking services, I have witnessed firsthand the numerous challenges faced by these hardworking professionals. One particular issue that stands out is the abrupt transition from the Old Pension Scheme (OPS) to the National Pension System (NPS), which has caused uncertainty and financial insecurity among employees.
The sudden change has not only disrupted the financial planning of numerous employees but has also led to disappointment and distress. For individuals who had diligently planned for their futures under the OPS, this shift is more than an inconvenience; it's a breach of trust. Under OPS, beneficiaries were assured a fixed and predictable pension, which is crucial for long-term financial security.
The varied returns of the NPS, subject to market fluctuations, have left many retirees and soon-to-be retirees worried about the sustainability of their income post-retirement. Considering the vital role these employees play in the banking sector, ensuring their financial well-being should be a priority.
Moreover, there have been cases where the transition to NPS has not been smooth, with individuals reporting issues with deductions and the accuracy of their pension amounts. This lack of consistency and transparency in the migration process further exacerbates the anxiety of employees.
To address these concerns effectively, we urge relevant authorities to restore the Old Pension Scheme for those who were originally enrolled in it. Additionally, we request the reimbursement of any deducted amounts from the NPS, ensuring no financial loss for these employees.
By taking these steps, not only will we be safeguarding the interests of those in the banking sector, but also demonstrating a commitment to honor promises made to dedicated workers who have played an indispensable role in maintaining financial stability.
Sign this petition to urge the authorities to take prompt action in restoring OPS and ensuring a fair refund from NPS deductions. Your signature can make a difference for those who tirelessly serve us through their work in the banking services.

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The Issue
Having developed strong relationships over the years with many dedicated individuals working in banking services, I have witnessed firsthand the numerous challenges faced by these hardworking professionals. One particular issue that stands out is the abrupt transition from the Old Pension Scheme (OPS) to the National Pension System (NPS), which has caused uncertainty and financial insecurity among employees.
The sudden change has not only disrupted the financial planning of numerous employees but has also led to disappointment and distress. For individuals who had diligently planned for their futures under the OPS, this shift is more than an inconvenience; it's a breach of trust. Under OPS, beneficiaries were assured a fixed and predictable pension, which is crucial for long-term financial security.
The varied returns of the NPS, subject to market fluctuations, have left many retirees and soon-to-be retirees worried about the sustainability of their income post-retirement. Considering the vital role these employees play in the banking sector, ensuring their financial well-being should be a priority.
Moreover, there have been cases where the transition to NPS has not been smooth, with individuals reporting issues with deductions and the accuracy of their pension amounts. This lack of consistency and transparency in the migration process further exacerbates the anxiety of employees.
To address these concerns effectively, we urge relevant authorities to restore the Old Pension Scheme for those who were originally enrolled in it. Additionally, we request the reimbursement of any deducted amounts from the NPS, ensuring no financial loss for these employees.
By taking these steps, not only will we be safeguarding the interests of those in the banking sector, but also demonstrating a commitment to honor promises made to dedicated workers who have played an indispensable role in maintaining financial stability.
Sign this petition to urge the authorities to take prompt action in restoring OPS and ensuring a fair refund from NPS deductions. Your signature can make a difference for those who tirelessly serve us through their work in the banking services.

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Petition created on 9 June 2026