Multiple choice

Consider the following statements in respect of the New Pension System for the new entrants to the service under the Central Government:

  1. The New Pension System was operationalises from January 1, 2004.
  2. The New Pension System is based on a defined contribution-twelve and a half percent of the salary and dearness allowance by the employee, which is matched by the Central Government. Which of the statement given above is/are correct?

  1. Only 1

  2. Only 2

  3. Both 1 and 2

  4. Neither 1 nor 2
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A Correct answer

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