Unified Pension Scheme (UPS): A Step Towards Assured Pension for Central Government Employees
New Pension Scheme Reimagined The Finance Ministry has officially introduced the Unified Pension Scheme (UPS), ensuring a guaranteed pension of 50% of an employee’s average basic pay for the last 12 months before retirement. This move, as per a gazette notification, applies to central government employees covered under the National Pension System (NPS) who opt … Read more