UPS vs OPS vs NPS: The Modi government has introduced a new pension scheme called the Unified Pension Scheme (UPS) for central government employees who joined the service after January 1, 2004. This scheme, which will be implemented from April 1, 2025, guarantees a pension equal to 50% of the basic salary. The decision to…
NEW DELHI: In a scathing retort to Congress party’s “U-turn” jibe on the government’s announcement of the Unified Pension Scheme, Bharatiya Janata Party (BJP) on Sunday questioned the grand old party about its plans to meet its election promise of reinstating the Old Pension Scheme in Himachal Pradesh.Senior party leader and MP Ravi Shankar Prasad…
NEW DELHI: The Cabinet on Saturday approved the Unified Pension Scheme (UPS) for 23 lakh central government employees. The UPS ensures that all central government employees receive 50 per cent of their last drawn salary from the past 12 months as pension who have served for 25 years or more.Additionally, they will also be eligible…
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…
NEW DELHI: As senior BJP politicians hailed the govt decision to introduce the UPS, home minister Amit Shah on Saturday said the move was a reiteration of the Modi government‘s commitment for the welfare and security of its employees.Shah said in a post on X: “Congratulations to our central govt employees on the approval of…
Unified Pension Scheme: Prime Minister Narendra Modi-led Cabinet has on Saturday approved the Unified Pension Scheme for government employees. The decision was announced by Railway Minister Ashwini Vaishnaw in a press briefing. Vaishnaw said that the new Unified Pension Scheme will benefit 23 lakh central government employees.The state governments will also be given the option…
