Q1. Which one of the following best describes the Tamil Nadu Assured Pension Scheme (TAPS), made effective from 1 January 2026?
- A. A pure defined-contribution pension scheme with market-linked returns and no guaranteed payout, modelled on the National Pension System
- B. A hybrid pension scheme that guarantees 50% of last-drawn basic pay plus dearness allowance as pension while mandating a 10% employee salary contribution
- C. A non-contributory scheme that fully restores the pre-2003 Old Pension Scheme for all serving Tamil Nadu government employees
- D. A unit-linked annuity scheme funded entirely from the state's consolidated fund with no role for employee contributions