Government employees who choose the Centre’s Unified Pension Scheme (UPS) introduced on August 24 can expect a significant increase in their pension payments. The government’s contribution under the UPS will rise to 18.5% from the current 14%, leading to a projected 19% increase in pensions for employees with a starting salary of Rs 50,000, according …
Maharashtra cabinet on August 25, 2024 decided to implement for State government employees the Unified Pension Scheme announced by the Union government a day earlier. | Photo Credit: Getty Images/iStockphoto The Maharashtra cabinet on Sunday (August 25, 2024) decided to implement for State government employees the Unified Pension Scheme announced by the Union government a …
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Unified Pension Scheme (UPS) for central government employees on Saturday. This scheme will be effective from April 1, 2025, and will benefit 23 lakh central government employees. PM Modi said UPS will ensure the “dignity and financial security” of employees. He posted on X …
File photo of Prime Minister Narendra Modi. | Photo Credit: Sushil Kumar Verma Prime Minister Narendra Modi may have repeated most of his Ministers from his previous term, as well as officials in his Prime Minister’s Office (PMO), but some policy prescriptions in his third term show departures from that term, a signal that he …
The government said Prime Minister Narendra Modi had followed the path of forming a committee, doing extensive consultations, and taking a ‘well-thought-out decision’. (File pic/PTI) The Unified Pension Scheme brings back an assured pension equal to 50% of basic pay plus a dearness relief that will be linked to the inflation index. Further, every central …
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday, approved the Unified Pension Scheme (UPS), which aims to provide assured pension, family pension, and assured minimum pension to government employees. Under the new scheme, employees would get an assured pension of 50 per cent of the average basic pay drawn over the last …