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Last Updated:January 25, 2025, 6:36 PM IST This Unified Pension Scheme (UPS), which combines aspects of both the Old Pension Scheme (OPS) and the National Pension System (NPS), aims to provide employees with a guaranteed pension, offering financial stability and dignity after retirement. Unified Pension Scheme: Know Eligibility, Benefits, Payout Calculation, Other Aspects. In a…
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…
What is the ‘cost’ of the Unified Pension Scheme? Is it a fiscally prudent move that will end the pension peeve? Source link [ad_3]
There is big news for lakhs of government employees. The Union Cabinet has approved the Unified Pension Scheme. The government claims that this will benefit 23 lakh central government employees. In the third term of Prime Minister Narendra Modi, the central government is continuously taking historic decisions. The Union Cabinet Meeting has taken three important…
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