The new scheme aims to bridge the gap between the Old Pension Scheme (OPS) and the NPS, offering better retirement security to government employees while maintaining fiscal balance.
Notably, in August, through a memorandum, DFS introduced a one-time, one-way switch facility for Central Government employees who have already opted for UPS, allowing them to revert to the NPS.
You might have seen news about the Unified Pension Scheme (UPS), maybe even skimmed a few articles, and then moved on, thinking this is just another policy tweak that doesn’t concern you.
The recent introduction of the Unified Pension Scheme (UPS) by the Centre aims to balance the conflicting demands of fiscal responsibility and guaranteed pensions for public employees.
The Central government has introduced a new pension scheme, the Unified Pension Scheme (UPS) which will come into effect from April 1, 2025.
United Parcel Service (UPS) , the world’s largest logistics company, has offered a helping hand to Himachal Pradesh to overcome the aftermath of the disaster caused by monsoon fury.
The entrepreneurs, who attended the meeting organised as a part of the Road Show for the UP Global Investor Summit to be held in Lucknow next month, were enthusiastic about investment prospects in UP.
