The debate over the National Pension System (NPS) is expected to be highlighted in the upcoming Budget 2024. Last year, several Congress-ruled states like Rajasthan, Chhattisgarh, and Himachal Pradesh decided to revert to the old defined benefit system, which provides government employees with 50% of their last-drawn salary as a monthly pension. On the other hand, the NPS is a defined contribution scheme where employees build a retirement corpus. The Budget is likely to present a status report on the NPS and address concerns related to the two systems.