Government Announces Unified Pension Scheme, Employees To Get 50% Of Average Basic Pay
25 Aug 2024
The Central Government announced the UPS (Unified Pension Scheme) on Saturday, which aims to provide employees with a guaranteed pension, family pension and a minimum pension. The scheme will be in effect from April 1, 2025. The Union Cabinet approved the scheme today, ensuring a pension of 50% of the...
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