Unified Pension scheme – 5 Important features – All you need to know
Now, government employees can opt for the unified pension scheme for their retirement purposes with 5 important features. In addition, this scheme was introduced in August 2024 and will be implemented in April 2025. And this UPS combines both features of NPS and the Old Pension Scheme (OPS). 5 Important Features of the Unified Pension Scheme… Assured Pension Under UPS… Government employees who service at least 25 years of service will get a guaranteed pension. In addition, under UPS, the government employees will get 50% of average basic pay as of the last 12 months of service. Again, those …