Tag Archives: old pension scheme

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 …

UPS Vs NPS Vs OPS: For a long time, government employees were demanding amendment in NPS or re-implementation of the old pension scheme. The opposition was also making it an issue. The Modi government has now given a strong answer to this. The Union Cabinet headed by PM Modi approved …