Decoded: How UPS is better than old pension schemes for govt employees ...Middle East

New Delhi: The Central government has introduced a new pension scheme, the Unified Pension Scheme (UPS) which will come into effect from April 1, 2025. In UPS, the government has offered several advantages of the previous Old Pension Scheme (OPS) like assured pension, family pension and indexation benefits. This pension scheme is only for government employees unlike New Pension Scheme (NPS) which is offered to both government and private employees. Now government employees will have the option to choose between the UPS and the New Pension Scheme (NPS) to get a pension. The Old Pension Scheme is also applicable to government employees in some states. Let’s understand UPS first. Under the Uni

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Last updated : 25 August 2024 clock 12:45 PM

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Decoded: How UPS is better than old pension schemes for govt employees ...Middle East

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