Tamil Nadu’s new Assured Pension Scheme (TAPS) seeks to balance pension costs fairly across generations. Unlike the Old Pension Scheme where the government pays fully, TAPS requires government employees to contribute part of their pension cost during retirement and later. This contribution idea is seen in other pension plans like the Contributory Pension Scheme (CPS), National Pension System (NPS), and Unified Pension Scheme (UPS). However, CPS gives a one-time settlement, and pensions depend on annuity investments, meaning not all CPS members get a pension. A key TAPS feature is its planned pension payment method, but full details will appear once operational guidelines are out. Inter-generational equity is especially important for Tamil Nadu. Demographers say its aging population is growing rapidly, second only to Kerala. The share of seniors may rise from under 11% in 2011 to about 18% by 2031, a 72% increase. This means more elderly depend on fewer working people. In September 2023, Cabinet Secretary T.V. Somanathan noted India’s overall population growth is slowing. He mentioned schools losing students, signaling upcoming closures—a message clear for Tamil Nadu’s future. TAPS aims to meet these challenges by making pension costs more sustainable for all generations.