10 things about unified pension scheme
Indian government has launched the Unified Pension Scheme (UPS) as a response to growing concerns among young government employees about the adequacy of their pension benefits.
The new scheme,…
FM announces ongoing work on NPS reforms to address key issues
Finance Minister Nirmala Sitharaman on Tuesday said a solution will be evolved with respect to the New Pension Scheme (NPS) that will address relevant issues and ensure fiscal prudence.
Last year, the…
Old vs new pension scheme: Will Budget 2024 offer 50% of last drawn salary as annuity?
Amid calls, including from Opposition parties, for restoration of old pension scheme (OPS), Narendra Modi government is likely to approve a proposal to increase annual pension benefits. Reports…
Is NPS set to guarantee 50% of last drawn salary as pension?
In an effort to allay central government employees’ worries about the payout, the government is trying to guarantee those employees who are a part of the National Pension System 50% of their most…