The Economic Times

Tamil Nadu launches new pension scheme with NPS, OPS-like features: Eligibility, benefits & timeline

Tamil Nadu has introduced the Assured Pension Scheme (TAPS), replacing its 23-year-old system. Effective January 1, 2026, TAPS offers employees 50% of their last basic pay and DA, blending features of the Old Pension Scheme and NPS. Employees will contribute 10% to their pension pool.