TAPS vs OPS vs CPS vs NPS - ஓய்வூதியத் திட்டங்கள் விரிவான ஒப்பீடு - With Pension Calculation

TAPS vs OPS vs CPS vs NPS - A comprehensive comparison of pension schemes - With Pension Calculation - TAPS vs OPS vs CPS vs NPS - ஓய்வூதியத் திட்டங்கள் விரிவான ஒப்பீடு - With Pension Calculation

அரசு ஊழியர்களுக்கு தற்போதுள்ள பல்வேறு திட்டங்களுக்கும், அறிவிக்கப்பட்டுள்ள புதிய TAPS திட்டத்திற்கும் உள்ள முக்கிய வேறுபாடுகள் Here’s a clear comparison to help you understand which pension scheme is better in Tamil

Nadu — Contributory Pension Scheme (CPS) or the Tamil Nadu Assured Pension

Scheme (TAPS)

1. Contributory Pension Scheme (CPS) (Existing scheme before TAPS)

What it is:

CPS is a defined-contribution pension scheme where both the employee and the Tamil

Nadu government contribute to a pension fund during the employee’s service. Your

retirement benefits depend on how much has been accumulated in your account, including

contributions and interest. Finance Department+1

Main features

 Employee contribution: ~10 % of basic pay + DA + grade pay (deducted monthly).

Finance Department

 Government contribution: Equal matching 10 %. Finance Department

 Retirement benefit: You get a pension based on how much is in your account;

there’s no fixed guaranteed monthly pension. Reddit

 If you retire early or leave service, your benefits depend on the accumulated corpus;

you may get lower payouts. ✅ You keep your own contributions.

✅ If investments perform very well, corpus might grow. Cons

✅ No guaranteed pension amount — payout depends on accumulated fund plus annuity purchase. Reddit

✅ Usually yields lower retirement income than old pension systems or assured payout systems. Reddit

✅ Uncertainty in retirement benefits; no statutory 50 % last pay guarantee.

✅CPS is similar to an NPS-like model where benefits are tied to the fund performance rather than a fixed pension.

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