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 ...

Bank of Valletta, as a Tied Insurance Intermediary for MAPFRE MSV Life, is offering a limited-time incentive on new Unit-Linked Personal Pension Plans. Customers who start planning for their ...

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 ...

Freetrade is offering Isa cashback of one per cent on the value of your investments. You can also earn up to £1,500 when ...

By 30 June, central government employees must decide whether to continue with the National Pension System (NPS) or switch to ...

The Unified Pension Scheme (UPS), on the other hand, offers a guaranteed pension of 50% of the average pay for the last 12 months for employees who have served for 25 years or more.

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.

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.

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 ...