Unified Pension Scheme

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

by
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

With assembly polls due in Tamil Nadu, Kerala in two years, South goes into ‘study’ mode on UPS

by
With assembly polls due in Tamil Nadu, Kerala in two years, South goes into ‘study’ mode on UPS

Bengaluru: With Tamil Nadu and Kerala headed to assembly polls in two years, the southern states are carefully weighing their response to the Unified Pension Scheme (UPS) announced by the Centre on August 24. Less than two months ago, Karnataka announced a major increase in salaries of government employees, entailing an additional annual expenditure of … Read more

‘States should implement soon’ – The Economic Times

by
‘States should implement soon’ – The Economic Times

State governments should look to implement the Unified Pension Scheme, or UPS, at the earliest, said Shiv Gopal Mishra, secretary of the Joint Consultative Machinery (JCM), a platform for dialogue between the central government and its employees. The Union cabinet on Sunday gave its nod to the UPS, which will benefit 2.3 million central government … Read more