In a fresh move, the Modi government has introduced the Unified Pension Scheme (UPS), a game-changer for 23 lakh central government employees. This new scheme, effective from April 1, 2025, promises an assured pension of 50% of the basic salary, a considerable improvement over the existing National Pension System (NPS). For employees who joined after January 1, 2004, under the NPS, this shift offers a more stable and predictable retirement plan.
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#pension #nps #pensions

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