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Last Updated:September 28, 2025, 15:36 is Indian government launches Unified Pension Scheme under National Pension System for Central Government employees. Opt-in deadline is September 30, 2025. UPS Vs NPS The Indian government has introduced an option for the central government employees to choose the Unified Pension Scheme (UPS) under the National Pension System (NPS). UPS…
Switching from UPS to NPS Here Are the Key Conditions Source link [ad_3]
UPS vs NPS Monthly Pension Calculations: National Pension System (NPS) is the default pension scheme for central government employees, but they can also select Unified Pension System (UPS) now. Both retirement schemes offer a lump sum amount and a monthly pension at retirement. However, the contribution amount and the way the lump sum amount and…
Guru Dutt Tiwari16 minutes ago copy link The central government has recently announced the Unified Pension Scheme (UPS) for central government employees. Maharashtra has also announced to implement it for its employees. Other states may also follow this path. In such a situation, there is a debate going on as to which of the already…
Reported By: Pallavi Ghosh Last Updated: August 26, 2024, 10:06 IST Additional Secretary in Finance Ministry Parama Sen said UPS was not a U-turn and the government studied and realised that it needed to bring these changes. Parama Sen, Additional Secretary in the Ministry of Finance, said, “Every country has acknowledged that something on the…
New Delhi: The central government introduced the Unified Pension Scheme (UPS) which is designed to offer better retirement security for government employees. Information and Broadcasting Minister Ashwini Vaishnaw announced that under this new scheme employees will receive an “Assured Pension” equal to 50 per cent of their average basic pay from the last 12 months…