Tag: Unified Pension Scheme
States’ budgeted revenue mop-up in 2024-25 to beat pre-Covid level: PRS report
Revenue collections of states, as percentage of their gross domestic product, are budgeted to beat the pre-Covid level in 2024-25 on the back of projected…
India stands out globally, will continue to grow at fast pace: FM Sitharaman
Finance Minister Nirmala Sitharaman on Wednesday said India is standing out globally in terms of economic growth and will continue to do so in the…
Unified Pension Scheme: Employees’ body wants minimum service period cut to 20 years
The central government employees‘ organisation has demanded several enhancements to the Unified Pension Scheme (UPS), including reducing the required service period to 20 years from…
Over 23 lakh govt employees under NPS get option to choose unified pension scheme
New Delhi: The just-announced Unified Pension Scheme for central government employees will be available only for those who are currently subscribers of the New Pension…
Unified Pension Scheme FAQs: Key features, benefits, and all your questions answered
The Centre last week announced the Unified Pension Scheme (UPS) for its employees with new features. Those who joined the government from 2004 and are…
Unified Pension Scheme to put a Rs 6,250-cr pressure on govt
The newly approved Unified Pension Scheme (UPS), set to provide an assured pension to 23 lakh eligible central government employees, will bring an additional financial…
Centre’s Unified Pension Scheme to give higher pensions: Report
Aug 26, 2024 09:55 AM IST Centre’s Unified Pension Scheme set to benefit 23 lakh central employees, with state adoption potentially extending to 90 lakh….
UPS scheme: Ahead of polls, Maharashtra becomes first state to approve Unified Pension Scheme
The Maharashtra Cabinet on Sunday approved the central government‘s Unified Pension Scheme (UPS), becoming the first state to do so and just within 24 hours…
One-time UPS allocation won’t have big impact on fiscal math
Assured pensions under the newly introduced Unified Pension Scheme (UPS) may require a significant one-time allocation in FY25, but that may not significantly impact the…
How is the new ‘Unified Pension Scheme’ different from NPS?
The central government on Saturday approved the Unified Pension Scheme (UPS), which guarantees an “Assured Pension and Assured Family Pension.” Announcing the Cabinet’s decisions, Information…