nps vs ups

NPS fund performance: Here’s a snapshot of pension funds’ returns in Tier 1 under NPS

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NPS fund performance: Here’s a snapshot of pension funds’ returns in Tier 1 under NPS

NPS performance: The introduction of the Unified Pension System (UPS) by the Centre has prompted scrutiny and the existence of the National Pension System (NPS), which was established in 2004 as an alternative to the Old Pension Scheme and was later expanded to cover all employees in 2009. Starting from the next financial year (April … Read more

NPS or UPS: Which matters more in an employee’s retirement planning?

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NPS or UPS: Which matters more in an employee’s retirement planning?

A Unified Pension Scheme (UPS) is a shift back to a defined benefit plan from a defined contribution plan. In essence, it guarantees government employees a specified pension amount, which will be equivalent to half of their last drawn basic salary (under specific conditions of tenure served). Guaranteed pension was also the primary demand under … Read more