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

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

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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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