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
₹2.25 crore or ₹84,658 per month for life? That’s the retirement riddle facing Central Government employees, who must choose between the National Pension System (NPS) and the Unified Pension Scheme (UPS) by June 2025. SEBI-registered investment advisor Abhishek Kumar flagged the dilemma in a recent LinkedIn post, asking: “Which one would you pick?” The stakes … Read more
The Centre is set to introduce the Unified Pension Scheme (UPS) on April 1, providing a fixed pension security to central government employees. Designed within the framework of the National Pension System (NPS), UPS aims to give a guaranteed pension, particularly beneficial for those employees seeking a stable post-retirement income. Central government employees who are … Read more
NPS vs OPS: The Central Pension Accounting Office has recently released updated guidelines aimed at ensuring retired employees of the National Pension System receive their pensions in a timely manner. In a memo dated March 12, 2025, the CPAO has reiterated to officials involved in processing NPS pension cases that they should adhere to the … Read more
With barely a week left for Budget 2025, the finance ministry has officially introduced the Unified Pension Scheme (UPS) as an alternative for central government employees enrolled in the National Pension System (NPS). The government has specified that the Unified Pension Scheme (UPS) will now be available for Central Government employees who are currently participating … Read more
The Centre will be implementing the Unified Pension Scheme as an alternative within the National Pension System for Central Government employees already enrolled in the system. The Centre introduced the Unified Pension Scheme (UPS) for central government employees last year, combining elements from both the Old Pension Scheme (OPS) and the National Pension System (NPS). … Read more
Image used for representation | Photo Credit: Getty Images A 35-year-old man was shot dead by some persons suspected of poll rivalry in a village in Uttar Pradesh’s Sultanpur on Wednesday (October 09, 2024), police said. “The incident took place in Asarakhpur village in the Baldisarai area when Icchanath Yadav went to the fields this … Read more
The Unified Pension Scheme (UPS), introduced by the NDA government as an alternative to the current National Pension System (NPS), has sparked significant speculation concerning its reach and pension fund. Subscribers of the NPS under the government who transition to the UPS or new entrants stand to benefit from its enhanced security in the form … Read more
Since the announcement of the Unified Pension Scheme (UPS) by the Centre, private sector employees have been pressing for an enhanced monthly pension under the Employee’s Pension Scheme (EPS). Under UPS, government employees are entitled to receive a monthly pension upon retirement, amounting to 50% of their last-drawn basic pay. The minimum pension guaranteed is … Read more
The newest pension scheme for the government employees — Unified Pension Scheme’s primary objective is to consolidate various pension systems existing in the country into a unified framework. The initiative serves as a clear demonstration of PM Narendra Modi’s steadfast dedication to driving reform efforts that promote sustainable fiscal practices and safeguard the welfare of … Read more