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Tamil Nadu Assured Pension Scheme (TAPS) Launched
The State government launched Tamil Nadu Assured Pension Scheme (TAPS), effective from January 1, 2026. TAPS replaces the Contributory Pension System (CPS) for new government employees joining from January 1, 2026, offering an assured pension of 50% of last-drawn salary (including DA), family pension at 60% upon death, gratuity up to Rs 25 lakh, and minimum pension provisions. Existing CPS employees retiring on or after January 1, 2026, can opt for TAPS or equivalent CPS benefits, while pre-2026 CPS retirees get a special compassionate pension. This initiative addresses long-standing demands for pension security and reflects a trend toward hybrid OPS-NPS models in southern states.
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