Tag Archives: NPS

The recently announced Unified Pension Scheme (UPS) for Central Government employees will be available only to those who are currently subscribers of the New Pension Scheme (NPS). These include retired employees as well. Under the UPS scheme, employees are guaranteed 50 percent of their average basic salary as a pension …

What is Systematic Lumpsum Withdrawal: A Guide by PFRDA In a significant move, the Pension Fund Regulatory and Development Authority (PFRDA) has made changes to the rules governing the withdrawal of funds from the Atal Pension Yojana (APY). Under the new guidelines, APY subscribers now have the flexibility to withdraw …