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 […]
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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 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 […]
UPS Point no 2 : Government contribution from 14% to 18.5%
The Government is increasing its contribution from 14% to 18.5%. Employee contribution will not increase.
UPS Point no 1 – Assured Pension: Retirees will now receive 50% of their average basic pay
Assured Pension: Retirees will now receive 50% of their average basic pay over the last 12 months before retirement as a pension for a minimum […]