Unified Pension Scheme

Source:  ToI Context: The Pension Fund Regulatory and Development Authority (PFRDA) has issued guidelines for the implementation of the Unified Pension Scheme (UPS), which will come into effect from April 1, 2025, offering an alternative to the existing National Pension Scheme (NPS) for central government employees. About Unified Pension Scheme (UPS): What it is: A …

Unified Pension Scheme (UPS)

Source:  DD News Context: The finance ministry has notified the operationalization of the Unified Pension Scheme (UPS) as an option under the National Pension System (NPS) for central government employees, effective from April 1 of 2025. About Unified Pension Scheme (UPS): What is it? The Unified Pension Scheme (UPS) is a contributory pension scheme offering …