new delhi finance minister nirmala sitharaman friday announced establishment citizens committee critique new pension arrangement amid demands incision employees decision state of matter revert old pension scheme offers last pay drawn government employees panel head finance secretary tv somanathan evolve approach addresses ask employees maintaining fiscal prudence protect common citizens minister told lok sabha moved amendments finance bjp trying assign end pension politics committee amid argue certain states restitute old pension scheme ops union finance minister of religion nirmala sitharaman friday annunciate committee set finance secretary await national pension system of rules nps forlok sabha passes finance bill tax benefits debt mutual investment firm removednew delhi mar pti lok sabha friday sanctioned finance bill official amendments including providing tax relief taxpayers opting newfangled tax regime removing tax benefit debt mutual funds bring par interest earningin less minutes tax amendments including related debt funds securities transaction tax cleared without discussion humiliated house amid protests opposition rising pension liability centre january choose move nps new recruits government employees contributing salary towards pension administration making matching contribution later manmohan singh government also got states join nps moving defined contribution regimen rather defined benefit close lakh subscribers lakh put forward assets direction add up rs 100000 crore since inception annualised return central governance employees works state government employees rajasthan chhattisgarh jharkhand himachal pradesh punjab adjudicate opt nps unable get give back money bank pension fund managers law cater absence repay three states either provide fund last years stick centre far refrained stepping issue growing demand states maharashtra well employee unions centre corresponding railway line revert ops prompting sitharaman announce approach designed committee adoption central government state government sitharaman enunciate parliament announcement came ahead assembly elections several states including karnataka policymakers including former planning commission deputy chairman montek singh ahluwalia argued return ops devastating impact government sources maintained ground current trends sticking nps years ensure healthy payout based current returns besides discussed possibility political science topping corpus ensure part strategy certain number years end pension around half lastly pay mechanism believe government ensuring employee worse sabha march chairperson jagdeep dhankar creates lighter moments amid proceedingswatch finance bill passed fm proposes setting panel look pension issues