Tell me about Unified Pension Scheme promises assured benefits in 1 or 2 sentences.
The Unified Pension Scheme (UPS) promises government employees an assured pension of 50% of their average basic pay over the last 12 months of service for those with at least 25 years of service, along with benefits like an assured family pension at 60% of the employee’s pension upon death, a minimum pension of ₹10,000 per month after 10 years of service, and inflation-indexed adjustments to ensure the pension’s value keeps pace with living costs.