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New Delhi: Planning for retirement is no longer just about saving money but it’s about choosing the right investment that grows with you. One such option is the National Pension System (NPS), which opened up for the non-government sector in 2009. Over the past 16 years, it has steadily evolved into one of the most…
Last Updated:September 18, 2025, 06:30 is PFRDA to launch Multiple Scheme Framework for NPS non-govt sector from Oct 1, 2025, offering diverse schemes and capped charges for subscribers. PFRDA introduces MSF under NPS. In a major overhaul to the National Pension Scheme (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) has introduced the Multiple…
New Delhi: The Pension Fund Regulatory and Development Authority (PFRDA) has given big relief to central government employees by extending the one-time option to shift between the National Pension System (NPS) and the Unified Pension Scheme (UPS). This move will benefit thousands of employees who were earlier unsure about which scheme to choose, giving them…
New Delhi: The Government of India has rolled out new rules for the Unified Pension Scheme (UPS). This gives central government employees an option to switch under the National Pension System (NPS). Effective from April 1, 2025, the scheme ensures employees get an assured payout after retirement, offering more security for their post-retirement years. The…
The Finance Ministry has introduced a one-time, one-way switch option for Central Government employees under Unified Pension Scheme (UPS) to shift to the National Pension System (NPS). “It has been decided that a one-time, one-way switch facility from UPS to NPS shall be made available to all Central Government employees who have opted for UPS….
New Delhi: Finance Minister Nirmala Sitharaman has introduced the Taxation Law (Amendment) Bill, 2025 in the Lok Sabha. This bill updates the Finance Act, 2025, and the Income Tax Act, 1961, with the primary aim of aligning the taxation rules of the Unified Pension Scheme (UPS) with those of the National Pension System (NPS). 1….
New Delhi: Finance Minister Nirmala Sitharaman on Monday told the Lok Sabha that there is no proposal to restore the Old Pension Scheme (OPS) for central government employees currently under the National Pension System (NPS). She said the government had shifted away from OPS because it created an unsustainable fiscal burden on the exchequer. To…
8th Pay Commission Salary Estimates: The 8th Pay Commission (8th CPC) is yet to be formed. Once formed, it will prepare a report having recommendations of salary, pension, and allowance revisions. The central government will approve this report with a few changes if needed. Once approved, it will be implemented for central government employees, who…
8th CPC Salary Projections: As days are passing, most central government employees have been keenly waiting for 8th Pay Commission-related developments. The commission’s formation, its report, and recommendation implementation will impact the payouts that government employees get. One of the most sought-after salary revision aspects will be the fitment factor, which is the multiplier to…
New Delhi: The Indian government rolled out the Unified Pension Scheme (UPS) under the National Pension System (NPS) starting April 1, 2025. The UPS was designed to bring together features of both the old pension plan and the current NPS, promising a steady pension like the old plan for central government employees. However, not many…