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What is Unified Pension Scheme Explained about?

The New Unified Pension Scheme (UPS) guarantees retirees 50% of their average basic pay from the last 12 months of service, with a minimum pension of ₹10,000 for those with at least 10 years of service. This scheme aims to provide enhanced retirement security and simplified management compared to the old National Pension System (NPS), which requires a 10% contribution from employees. An interview highlights the UPS

Author

Anita Beniwal

Language

EN