Pension
CPS (Contributory Pension Scheme) / NPS · CPS No. 7000273895
Current Corpus
₹10.59 L
Employee + Employer (FY24-25)
Interest Rate
7.10%
Government declared
FY Deposits
₹1,45,096
Interest ₹65,754
Service Years
10 yrs
Joined 2015-05-20
FY 2024–25 statement
| Employee | Employer | Total | |
|---|---|---|---|
| Opening balance | ₹4,24,134 | ₹4,24,134 | ₹8,48,268 |
| Deposits | ₹72,548 | ₹72,548 | ₹1,45,096 |
| Interest credited | ₹32,877 | ₹32,877 | ₹65,754 |
| Closing balance | ₹5,29,559 | ₹5,29,559 | ₹10,59,118 |
| YoY growth | +24.86% | ||
TAPS — Tamil Nadu Assured Pension Scheme
Effective 2026-01-01 · Announced by CM M.K. Stalin
Implemented - detailed operational guidelines pending notification
Key features
- assured pension: 50% of last-drawn basic pay + DA
- employee contribution: 10% of monthly salary
- family pension: 60% of last-drawn pension (on death)
- da protection: Pensioners get DA hikes same as serving employees
- gratuity: Up to ₹25 lakh (subject to conditions)
Impact on Vignesh
Detailed rules for existing CPS employees choosing TAPS not yet notified. TAPS is likely better for Vignesh since it guarantees 50% of last pay as pension vs market-dependent CPS returns.
Option: Choice at retirement - can opt for TAPS benefits OR retain CPS-equivalent benefits
Lakshmi's recommendation
TAPS likely better for long-term security. With 25+ years remaining service, guaranteed pension > market uncertainty. But wait for detailed rules before deciding.