The government has given the option to NPS employees to join UPS till June 30. Till now, about 30 lakh NPS employees of the ...

UPS offers a guaranteed pension for life and 60% of it for your spouse. NPS, on the other hand, allows you to withdraw 60% of the corpus as a tax-free lump sum and invest the remaining 40% into an ...

Here’s a detailed comparison to assist you in making an informed decision. Understanding the Basics: NPS vs UPS The National Pension System (NPS) was introduced in 2004 as a defined contribution ...

Here's a comparison of National Pension System (NPS), Public Provident Fund (PPF), Pradhan Mantri Vaya Vandana Yojana (PMVVY) and Senior Citizen Savings Scheme (SCSS). To attract professionals and ...

will be eligible for the Uniform Pension Scheme (UPS). Employees with the National Pension System (NPS), which is applicable to individuals who entered service after April 1, 2004, have the option ...

Unified Pension System: The Narendra Modi-led government has approved a new pension scheme, the Unified Pension Scheme, which will come into effect in the next fiscal year, i.e. FY2025-26.

The NPS, which was launched in January 2004, replaced the Old Pension Scheme (OPS), and covers all departments under the central government. On the other hand, UPS is a new pension scheme recently ...

The old pension scheme offers ... to taxation, the NPS offers more freedom, control, and potentially higher returns. It is important to understand these schemes and compare them before deciding ...

while both the UPS and the current New Pension Scheme or NPS are fully funded pension schemes. Also Read: How is the new ‘Unified Pension Scheme’ different from NPS? A funded pension scheme is ...

Only employees who are currently subscribers of the New Pension Scheme (NPS), including retirees, will be allowed to opt for the UPS. The question is: should you switch from the NPS to the UPS?

then NPS may be better for you. If OPS comes back, employees will be happier because the scheme gives an unconditional guarantee of a fixed pension along with two DA hikes every year. Thus, UPS is ...