Comparison chart with NPS, OPS and UPS
Tag: Unified Pension Scheme
Understand UPS – Unified Pension scheme in 10 points.
Understand UPS – Unified Pension scheme in 10 points. Cabinet, led by PM Narendra modi Ji, has approved the Unified Pension Scheme (UPS), effective from […]
UPS Note no 10 – UPS Implementation by states
The same architecture has been designed for adoption by State Governments. If also adopted by State Governments, can benefit over 90 lakh Government employees who […]
UPS note no 9 : UPS is being implemented by the Central Government. Benefiting 23 lakh Central Government employees.
UPS is being implemented by the Central Government. Benefiting ~23 lakh Central Government employees. The Central Government has approved the implementation of the Unified Pension […]
UPS Note No 8 – Choose Your Pension – NPS or UPS
UPS will be available as an option to the employees. Existing NPS / VRS with NPS as well as future employees will have an option […]
UPS Point no 7 : Provisions of UPS will apply to past retirees of NPS
Provisions of UPS will apply to past retirees of NPS (who have already superannuated). Arrears for past period will be paid with interest at PPF […]
UPS Point no 6 : Lump-Sum Payment at superannuation in addition to gratuity
In superannuation, a lump-sum payment can be provided in addition to gratuity, calculated at 1/10th of the monthly emoluments (pay plus dearness allowance) for each […]
UPS Point no 5 : Inflation Protection: Pensions will be indexed to inflation!
Inflation Protection: Pensions will be indexed to inflation! Dearness Relief will be based on the All India Consumer Price Index for Industrial Workers (AICPI-IW), as […]
UPS Point No 4 : Assured Minimum Pension: ₹10,000 per month as pension.
UPS Point No 4 : Assured Minimum Pension: ₹10,000 per month as pension. The Assured Minimum Pension guarantees a pension of ₹10,000 per month to […]
UPS Point No 3 : Assured Family Pension: Inunfortunate demise, receive 60% of the pension the employee
UPS Point No 3 : Assured Family Pension: Inunfortunate demise, their family will receive 60% of the pension the employee was receiving. The Assured Family […]