Retirement planning: The Unified Pension Scheme (UPS) is a hybrid pension plan that combines elements of defined contribution and defined benefit to provide a reliable income stream for retirees. Initially introduced by the Government on January 24, 2025, as an alternative within the National Pension System (NPS), UPS is scheduled to go into effect on … Read more
Montek Singh Ahluwalia, the former Deputy Chairman of the Planning Commission, has said that selecting the Old Pension Scheme instead of the New Pension Scheme is a bad idea. He noted that the New Pension Scheme (NPS) is adaptable and can be adjusted to accommodate any issues that may arise. Speaking to news agency ANI, … Read more
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. After facing much criticism for removing the Old Pension Scheme, the NDA government has introduced the Unified Pension Scheme, which amalgamates the advantages of the previous … Read more