Tamil Nadu’s new pension scheme broadly follows the guidelines of Old Pension Scheme

The Tamil Nadu Assured Pension Scheme (TAPS), which is virtually a replica of the Old Pension Scheme (OPS), is also an improved version of the Unified Pension Scheme (UPS).

Except for the monthly individual contribution and pension revision at the time of constitution of every pay commission, the proposed pension scheme follows the broad guidelines of the OPS. One of the key features of the OPS is death-cum-retirement gratuity (DCRG).

For instance, in the event of death in harness of those whose length of service is 20 years or more, gratuity not exceeding ₹25 lakh will be paid. This aspect has been included in the TAPS. As in the case of the OPS, family pension will be equivalent to 60% of the pension. Inflation indexation will also be made.