Tag: Unified Pension Scheme

UPS a new scheme, not rollback as claimed by Congress, says Finance Minister

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Finance Minister Nirmala Sitharaman said the new pension scheme is better and will satisfy most government employees. | Photo Credit: ANI Accusing Congress of spreading misinformation, Finance Minister Nirmala Sitharaman on Tuesday (August 27, 2024) said the newly launched UPS is a new pension scheme and not a rollback. “It is not a rollback… it…

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On Pension Row, Nirmala Sitharaman’s Sharp Counter To Congress’ “U-Turn” Jab

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Union Finance Minister Nirmala Sitharaman (File). New Delhi: Finance Minister on Tuesday joined the government’s pushback against the Congress’s “government of U-turns” jibe over the Unified Pension Scheme, or UPS, proposal. “We are not a government of U-turns… we give flexible, choice-driven governance,” she shot back. The Finance Minister criticised the Congress for failing to…

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Unified Pension Scheme: How does it differ from the Old and New Pension Scheme?

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The story so far: Fulfilling a long-standing demand of government unions, the Centre on Saturday (August 24, 2024), unveiled a new ‘Unified Pension Scheme’ (UPS) assuring government employees half their last drawn salary as a lifelong monthly benefit. The UPS, which has been approved by the Union Cabinet, has several other features benefiting pensioners, such…

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Unified Pension Scheme Explained In 6 Simple Points

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Most state/Union Territory governments have also notified NPS of their new employees. New Delhi: The centre on Saturday approved the Unified Pension Scheme (UPS) for central government employees which is expected to impact 23 lakh employees, aimed at providing financial security and stability for government workers post-retirement. What are some key features of the UPS? …

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