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Tag: Government employees

Why did the Centre alter its pension plan?

Posted on August 31, 2024 By admin
Why did the Centre alter its pension plan?

There are five major components of the UPS benefits, starting with the assurance that government employees will receive half of their average basic pay drawn over their final 12 months in service prior to retirement, as a monthly pension for life.  | Photo Credit: Getty Images/iStockphoto The story so far: Last weekend, the Union Cabinet…

Read More “Why did the Centre alter its pension plan?” »

Business

Why did the Centre alter its pension plan?

Posted on August 31, 2024 By admin
Why did the Centre alter its pension plan?

There are five major components of the UPS benefits, starting with the assurance that government employees will receive half of their average basic pay drawn over their final 12 months in service prior to retirement, as a monthly pension for life.  | Photo Credit: Getty Images/iStockphoto The story so far: Last weekend, the Union Cabinet…

Read More “Why did the Centre alter its pension plan?” »

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