Unified pension scheme revised: Central employees to receive...

Unified pension scheme revised: Central employees to receive OPS-like gratuity; Rs 10k minimum pension

Posté

Central government employees under the Unified Pension Scheme (UPS) will now receive retirement and death gratuity benefits, aligning them with the Old Pension Scheme (OPS). This move, addressing a long-standing demand, aims to encourage more employees to opt for UPS, which guarantees a pension of 50 per cent of the average basic salary after 25 years of service, ensuring enhanced social security.

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