Centre nods for UPS, assures 50% of basic pay as pension | India News – Times of India
NEW DELHI: Bringing significant benefits to 23 lakh central govt employees, the central government on Saturday announced an overhaul of the 20-year-old National Pension System, including a higher contribution by govt for a guaranteed payout of 50% of the average basic pay drawn during the last 12 months of service. With the Unified Pension Scheme…