How Is New ‘Unified Pension Scheme’ Different From NPS? Key Differences Explained | Economy News

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 […]

ABHISEK RAJPUT

August 25, 2024

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Big News For Central Government Employees: Pensions Hiked To This Much Under Unified Pension Scheme | Economy News

New Delhi: Union Cabinet approves assured 50 per cent of salary as pension for govt employees under Unified Pension Scheme. The Narendra Modi-led central government has decided to replace the New Pension Scheme (NPS) with this new plan. The scheme will come into effect on April 1, 2025. The decision was confirmed in a recent Union […]

ABHISEK RAJPUT

August 24, 2024

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