Govt Notifies Unified Pension Scheme for Government Employees, To Be Effective From April 1, 2025

Govt Notifies Unified Pension Scheme for Government Employees, To Be Effective From April 1, 2025

Last Updated:January 25, 2025, 18:36 IST This Unified Pension Scheme (UPS), which combines aspects of both the Old Pension Scheme (OPS) and the National Pension System (NPS), aims to provide employees with a guaranteed pension, offering financial stability and dignity after retirement. Unified Pension Scheme: Know Eligibility, Benefits, Payout Calculation, Other Aspects. In a landmark … Read more

Dearness Allowance Increased By 4%: Key Points Central Govt Employees Need To Know

Dearness Allowance Increased By 4%: Key Points Central Govt Employees Need To Know

Last Updated: March 14, 2024, 15:34 IST The government has decided to increase Dearness Relief (DR) and Dearness Allowance (DA) by 4%, meaning that for central government employees and pensioners, the entire DA will equal 50% of their base pay. A Press Information Bureau (PIB) announcement dated March 7, 2024 states that the total annual … Read more