AP government trying very hard to sell its new pension scheme!

The Andhra Pradesh government has come up with a new pension scheme instead of the current one, which naturally has everyone worried about it, as the government’s new schemes have rarely, if ever, managed to work in the interest of the people it’s aimed at. The government has brought in Guaranteed Pension Scheme (GPS) in place of Contributory Pension Scheme (CPS). Finance minister Buggana Rajendranath even issued a detailed two-page advertisement in the print media explaining the two pension schemes of CPS and GPS.

With the people’s reaction being less than lukewarm, the government is in plans to launch an entire campaign trying to sell the new scheme. The government is trying to convince the people that the new scheme would pay a minimum of 70% pension to them, which is way more than what the CPS pays. The government has also said that the CPS is a financial burden to it, which is why it has opted for GPS.

Whether or not what the government is trying to sell the people is true, one can’t help but wonder if the GPS scheme has been brought in for the government to benefit more than the people, given that the government is in a really bad financial position with a lot of debts to pay off, and no source of income, which is forcing the government to increase taxes and bring in revenue through them. It is now to be seen what will ultimately happen.