Tamil Nadu Assured Pension Scheme (TAPS) provides 50% of last-drawn salary as pension

Key facts

• Fifty per cent of the last drawn salary of government employees would be the assured pension.
• Pensioners receiving 50 per cent assured pension would be granted Dearness Allowance hike every six months on a par with government employees.
• In case of the death of pensioners, 60 per cent of the pension amount would be granted as family pension to the nominee of the deceased.
• If an employee dies in harness, or in case of death at the time of retirement, upto a maximum of Rs 25 lakh Death gratuity would be provided in keeping with the length of service.
• After the implementation of the new Assured Pension Scheme, all who retire without completing the qualifying service period for receiving pension will be provided a minimum pension.
• In case of retirement, ahead of the implementation of the TN Assured Pension Scheme, of those who joined the government service under the Contributory Pension Scheme, they would be provided a Special Compassionate Pension.
• In view of the introduction of the TAPS, the Tamil Nadu government has to provide an additional Rs 13,000 crore to the Pension Fund.
• Annually, the TAPS implementation would entail an expenditure of approximately Rs 11,000 crore as the government's contribution.