Central government employees in India are expressing concerns over the impact of market volatility on their retirement savings under the National Pension Scheme (NPS). The All India NPS Employees Federation (AINPSEF) submitted a memorandum to the 8th Central Pay Commission (CPC) on May 10, demanding an assured pension mechanism that would guarantee a fixed pension amounting to 50% of the last drawn salary plus dearness allowance (DA). Currently, 10% of employees' basic pay and DA is contributed to the NPS, with the government contributing 14%. AINPSEF highlighted that many employees, particularly those at lower pay scales, face insecurity due to inadequate pension support and insufficient investment returns that have not kept pace with inflation. The 8th CPC has initiated consultations with employee representatives, considering various demands, including the restoration of the old non-contributory Unified Pension Scheme (UPS) and periodic pension revisions. The ongoing discussions reflect a broader concern for the financial security of retiring employees, especially those with lower incomes.