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What Is Unified Pension Scheme | Union Cabinet Launches UPS: A Game-Changer for Govt Employees
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The Union Cabinet has introduced the Unified Pension Scheme (UPS), a revolutionary pension reform benefiting 23 lakh employees, effective April 1, 2025. The UPS offers an assured pension of 50% of the average basic pay, assured family pension, and assured minimum pension of ₹10,000 per month. The scheme differs from the existing New Pension Scheme (NPS) in its increased government contribution, assured benefits, and option for employees to choose between UPS and NPS. The government estimates an additional cost of ₹6,250 crores in the first year and ₹800 crores in arrears.
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About NDTV (English news channel):
NDTV is India's Most-Trusted News Broadcaster with the latest updates in news, sports, entertainment and much more from within India and around the world. Watch big political debates, exclusive entertainment interviews, news bulletins, current affairs, talk shows and tech reviews with our 24x7 news live streams, packed with credible information across all platforms: TV, Internet and Mobile.
Subscribe to our channel to get latest news updates.
Follow us on Social Media:
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#BreakingNews #LatestNews #TodayNews #News #IndiaNews #CurrentAffairs #NDTV
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