Read an article saying NPS is better than Old Pension. Even though the author has taken pain in doing the calculation, i fell he has forgotten that the basic will change with pay commissions.
The calculations including the basic changes have been incorporated in my calculations and put-up here. it shows that, NPS is not at all near to the old pension scheme. I don’t know how to post in the main gconnect, so i am posting it here.
I am attaching the calculations a jpg.
Please go through. Any one can correct me if any mistake is there. There is no comparison needed as such because, NPS people have no other option. but still, as some one pointed out wrongly that NPS is better, i thought of putting this.