Nagpur: Maharashtra Deputy Chief Minister Devendra Fadnavis on Wednesday said the government will not revert to the old pension scheme as it would put a burden of Rs 1.10 lakh crore on the exchequer and lead to bankruptcy of the state. Replying to a question in the state Assembly, Fadnavis said the old pension scheme was stopped in 2005.
He also lauded the then Congress-Nationalist Congress Party government for taking the decision of stopping the old pension scheme in the interest of the state. Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last salary drawn as pension. However, the pension amount is contributory under the National Pension System, which is in effect from 2004.