[ad_1] Starting Tuesday (April 1), National Pension Scheme (NPS) subscribers have the option to switch to the newly launched Unified Pension Scheme (UPS). This move aims to offer a guaranteed pension, government contributions, and more investment flexibility to central government employees post-retirement. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense […]
Finmin notifies assured pension scheme for govt employees effective from April 1 – CNBC TV18
[ad_1] The Finance Ministry on Saturday (January 25) notified the Unified Pension Scheme (UPS) which promises an assured pension of 50% of the average basic pay drawn over the last 12 months prior to superannuation. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% […]
Unified pension scheme vs NPS: Which is better for your retirement? – CNBC TV18
[ad_1] The Union Cabinet has recently approved the Unified Pension Scheme (UPS), slated to take effect from April 1, 2025. This new pension framework aims to provide central government employees with an assured pension. The announcement has sparked a debate among employees currently enrolled in the National Pension System (NPS) about whether they should transition […]
FM Nirmala Sitharaman: No rollback by giving assured pension in Unified Pension Scheme – CNBC TV18
[ad_1] Finance Minister Nirmala Sitharaman on Tuesday strongly rebutted Congress’s criticism of the government’s latest pension scheme – Unified Pension Scheme (UPS), dismissing claims of a “government of U-turns” as unfounded. “We are not a government of U-turns. We offer flexible, choice-driven governance.” The government recently introduced the Unified Pension Scheme (UPS) for central government […]
UPS vs OPS vs NPS: An expert analysis on how the pension schemes compare – CNBC TV18
[ad_1] The Union Cabinet has recently approved the Unified Pension Scheme (UPS), set to take effect from April 1, 2025. This new scheme aims to provide central government employees with an assured pension after retirement. Indranil Sen Gupta, Professor of Practice at Shiv Nadar University, believes UPS is an improvement over the existing New Pension […]
All about UPS: From how your pension will be calculated to income tax implications – CNBC TV18
[ad_1] The government has recently introduced the Unified Pension Scheme (UPS) for central government employees. This new scheme is set to be available to current subscribers of the New Pension Scheme (NPS), including retirees, and will take effect on April 1, 2025. Under UPS, the government’s contribution will rise to 18.5% of the employee’s basic […]
NPS to UPS: Understanding the switch, changes to expect and other details – CNBC TV18
[ad_1] The government has recently approved the Unified Pension Scheme (UPS), which is set to benefit approximately 23 lakh government employees. The scheme will come into effect on April 1, 2025, offering a new pension option for employees currently under the National Pension Scheme (NPS). What is the UPS? The UPS provides a guaranteed pension […]
UPS corpus to be divided in two funds to manage shortfalls — Here’s how it will work – CNBC TV18
[ad_1] Unified Pension Scheme (UPS) is set to provide assured pension to 23 lakh eligible central government employees, applicable April 1, 2025, onwards. The move, however, will put an additional burden of ₹6,250 crore on the exchequer per year. The Cabinet approved the introduction of the Unified Pension Scheme (UPS) over the weekend to improve […]
Maharashtra becomes first state to implement Unified Pension Scheme: Check eligibility – CNBC TV18
[ad_1] Maharashtra’s state government has become the first to implement the Unified Pension Scheme (UPS) for its employees, following demands from central government employee organisations. The decision, made just 24 hours after the Union Cabinet approved the UPS, allows state government employees to receive a pension equal to 50% of their average salary over the […]
UPS a good attempt to find midway between OPS and NPS keeping fiscal considerations in mind: Experts – CNBC TV18
[ad_1] The Unified Pension Scheme (UPS) cleared by the Union Cabinet may fall short of the benefits under the Old Pension Scheme (OPS) from a government employee’s perspective, but experts laud the Centre’s approach to a restructured National Pension Scheme (NPS) on fiscal grounds and filling some critical gaps vis a vis the NPS. Pensions […]