The Unified Pension Scheme (UPS) will be introduced for Central Government employees enrolled in the National Pension System (NPS) starting on April 1, 2025. This scheme will be offered as a ...

If a person has recently become a central government employee, he/she needs to opt for the Unified Pension Scheme within ...

UPS offers a guaranteed pension for life and 60% of it for the 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 ...

UPS vs NPS: To sum it up, government employees who switch to UPS can hope to see a big increase in their pension. The NPS will provide a larger retirement corpus, while the UPS will offer a higher ...

The UPS offers an assured pension amount, similar to the OPS, but this is based on the contributions made by both the employee and the government over the years.

In the UPS, the contribution from the government is likely to increase to 18.5 percent from 14 percent earlier The Cabinet, on August 24, approved another new pension scheme called the Unified ...

Although UPS offers guaranteed pension, it doesn’t resemble the OPS (Old Pension Scheme). The UPS is a fully-funded scheme; employees will contribute 10 per cent of their basic + dearness allowance.

Describing the monthly pension under UPS, he said, "The Unified Pension Scheme (UPS) offers a potential hybrid model combining elements of OPS and NPS that offer a monthly pension of approximately Rs ...

The Unified Pension Scheme (UPS) will be introduced for Central Government employees enrolled in the National Pension System (NPS) starting on April 1, 2025. This scheme will be offered as a ...