Archive · 4 Jan 2026
Tamil Nadu Assured Pension Scheme Viable with Fiscal Discipline: Chidambaram
The Tamil Nadu government has announced a new pension scheme called TAPS, which promises retired government employees a pension equal to 50% of their last salary.
Employees will contribute a small part of their salary, and the rest will be paid by the state.
Some people are worried about the cost, but former Finance Minister P. Chidambaram says it can work if the government manages money carefully.
He suggests the government should control spending, plan better, and increase its own tax money to make sure the scheme doesn't cause financial problems.
The scheme is still being discussed and will be a big topic in the coming days.
Tamil Nadu Assured Pension Scheme (TAPS) announced as a major welfare measure for government employees and teachers.
Pension equivalent to 50% of last drawn monthly salary, with employees contributing 10% of basic pay and the state covering the rest.
Chidambaram emphasizes fiscal prudence, improved revenue mobilization, and efficient expenditure control for the scheme's success.
Current pension expenditure is 21-22% of the state's own tax revenue, highlighting the need for caution.
Scheme expected to remain a key subject of public and political debate, balancing welfare commitments with fiscal responsibility.
- Who
- Tamil Nadu government, P. Chidambaram, government employees and teachers
- What
- Announcement and discussion of the Tamil Nadu Assured Pension Scheme (TAPS)
- When
- Recently announced, with ongoing debate
- Where
- Tamil Nadu, India
- Why
- To provide pension benefits comparable to the Old Pension Scheme (OPS) and ensure social security for public servants
- Scheme Name
- Tamil Nadu Assured Pension Scheme (TAPS)
- Pension Percentage
- 50% of last drawn monthly salary
- Employee Contribution
- 10% of basic pay
- State Government Contribution
- Remaining financial requirement
- Family Pension
- 60% of last drawn pension in case of death
- Current Pension Expenditure
- 21-22% of own tax revenue