Requirement of agitation in Ram Leela Maidan New Delhi for implementation of Old Pension system and scraping of New Pension Scheme for Government Employees
*Pension plans in India can be traced back to the time when the British ruled the country. The Royal Commission of Civil Establishments was set up in 1881 to give government workers their first pensions.* * History of Pension Scheme In India * *The first pension system in India was introduced by the British in 1857, after the Indian first movement for Independence. The purpose of the system was to ensure that the local rulers continued to collect their British pensions and did not rebel again. The system was based on the British pension system, but it did not provide enough financial security for retirees. In 1871, the Indian Pension Act was passed to address the problems with the previous system. The act provided for a more generous pension and a dearness allowance to help retirees cope with inflation.* *In 1881, the Royal Commission on Civil Establishments introduced the first pension benefits for government employees. These benefits were later expanded to cover all employees in the