Jan 29, 2025 · The UPS scheme provides an assured pension amount to government employees upon their retirement. Employers will contribute 18.5% of the basic salary + dearness allowance, while employees will contribute 10% of the basic salary + dearness allowance every month.

Aug 26, 2024 · What is the Unified Pension Scheme? The Modi government approved a new pension scheme on Saturday called the Unified Pension Scheme (UPS). The UPS includes provisions for a fixed pension amount, ensuring retirees receive a guaranteed and predetermined sum regularly after retirement.

Aug 26, 2024 · Unified Pension Scheme (UPS) The UPS seeks to harmonise the benefits of OPS and NPS into a single, more balanced scheme. It offers a hybrid model where you get a fixed benefit similar to OPS, along with a contribution-based component akin to NPS.

Jan 27, 2025 · The central government has announced the Unified Pension Scheme (UPS), offering it as an option under the National Pension System (NPS). The said scheme is set to be implemented from April 1, 2025. As per the official notification of the government released on January 24, “The Unified Pension Scheme shall be applicable to such central ...

Aug 24, 2024 · The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the Unified Pension Scheme (UPS). Assured pension: 50% of the average basic pay drawn over the last 12 months prior to superannuation for a minimum qualifying service of …

Aug 27, 2024 · The Union Cabinet approved the Unified Pension Scheme (UPS), which will provide government employees with assured pension after retirement. The scheme will be effective from 1 st April, 2025 with central government employees shifting to UPS from the current National Pension System (NPS).

Aug 27, 2024 · The Unified Pension Scheme (UPS) is a new retirement scheme for central government employees, set to launch on April 1, 2025. This article explores UPS's key features, benefits, drawbacks, and potential impact.

2 days ago · 1. Gazette Notification on Unified Pension Scheme 2. Frequently Asked Questions on the Unified Pension Scheme

Aug 25, 2024 · Government has approved the Unified Pension Scheme (UPS), effective from April 1, 2025. Unified Pension Scheme Details: The Union Cabinet on August 24 delivered a significant boost to 23 lakh central government employees by approving a guaranteed pension of 50% of their salary for those who joined the service after January 1, 2004, under the ...

Aug 25, 2024 · With the UPS, the government has attempted to combine the benefits of the Old Pension Scheme (OPS) with the existing National Pension Scheme (NPS). The UPS, effective April 1, 2025, will...