Tag: Unified Pension Scheme

FM Nirmala Sitharaman says over 31,500 government employees opted for UPS till July 20

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FM Nirmala Sitharaman says over 31,500 government employees opted for UPS till July 20

Union Finance Minister Nirmala Sitharaman during a debate in the Lok Sabha. | Photo Credit: PTI As many as 31,555 Central Government employees have opted for the Unified Pension Scheme (UPS) till July 20, 2025, and the last date to enrol under the scheme is September 30, 2025, the Parliament was informed on Monday (July…

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Finance Ministry Notifies Unified Pension Scheme For Government Employees

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Finance Ministry Notifies Unified Pension Scheme For Government Employees

New Delhi: The Finance Ministry on Saturday notified the Unified Pension Scheme (UPS) which promises an assured pension of 50 per cent of the average basic pay drawn over the last 12 months prior to superannuation. The UPS would be applicable to Central Government employees who are covered under the National Pension System and who…

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

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

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

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

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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Business

Unified Pension Scheme Explained In 6 Simple Points

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Unified Pension Scheme Explained In 6 Simple Points

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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