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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