The push for the Old Pension Scheme has sparked a fierce political slugfest in Tamil Nadu, with CPI(M) accusing AIADMK of systematically ‘gumming up’ government employees with misinformation. The party has taken particular aim at AIADMK’s endorsement of the much-maligned Employees’ Pension Scheme.
Thousands of state employees are demanding a return to the defined-benefit pension model axed nearly two decades ago. The shift to EPS shifted the burden to market-linked funds, leading to widespread dissatisfaction among pensioners facing meager returns.
Addressing a workers’ rally, CPI(M) leaders exposed what they called AIADMK’s ‘cynical tactics’ to derail the movement. ‘They’re scaring people with imaginary budget deficits while states like Himachal Pradesh thrive with OPS,’ they asserted.
AIADMK spokespersons defended their position, arguing that reversing to the old system would cripple public finances and future generations. Economists remain divided, with some warning of unsustainable debt and others advocating for hybrid models.
As negotiations stall, employee morale plummets, fueling calls for united action across party lines. The outcome could redefine retirement security for millions in Tamil Nadu’s public sector.