Centre Approves Unified Pension Scheme, Ensuring 50% of Salary as Pension for Government Employees
NPS subscribers can choose to switch to the UPS, which offers a guaranteed pension starting from the next financial year. This new scheme will be effective from April 1, 2025, and the benefits, including arrears, will apply to those who retire until March 31, 2025. The decision to approve the UPS comes amid discussions in …