Finance Ministry urges faster roll-out of Unified Pension Scheme (UPS) amid slow uptake. Only 1,500 central govt staff opt ...

As employees evaluate retirement schemes like NPS and UPS, the decision-making process gets tougher, given their unique features and varying benefits.

Employees of the Central Government now have the option to sign up for the Unified Pension Scheme (UPS) under the National Pension System (NPS) beginning of April 1, 2025. But lets find out in this ...

and the Unified Pension Scheme (UPS), which was implemented on 1 April. UPS offers a guaranteed pension for life and 60% of it for your spouse. NPS, on the other hand, allows you to withdraw 60% ...

The Unified Pension Scheme is the new retirement scheme effective from April 1, 2025. It is for central government employees.

NPS members will have the option to transition to the Unified Pension Scheme via the specified online platform. The UPS provides enhanced versatility and advantages such as a guaranteed pension, ...

Under UPS, subscribers will contribute 10% of their basic pay and dearness allowance on a monthly basis. NPS stands as a ...

It guarantees a minimum pension of Rs 10,000 per month for employees who complete at least 10 years of government service ...

The National Pension System (NPS) has achieved significant growth of private sector subscriber enrolment of over 12 lakh ...

These changes come into effect on April 1, 2025. New recruits will need to adopt the UPS within 30 days of joining.

Financial Services Secretary M Nagaraju on Thursday expressed hope that the Unified Pension Scheme (UPS), which promises an assured pension of 50 per cent of the average basic pay drawn over the last ...