As employees evaluate retirement schemes like NPS and UPS, the decision-making process gets tougher, given their unique ...

Under UPS, the government puts in 10% of your basic salary and dearness allowance and adds another 8.5% to your pension pot.

What is National Pension System (NPS)? NPS is a market-linked defined contribution scheme that helps you save for your retirement. The scheme is simple, voluntary, portable, and flexible. It is one of ...

They have to choose between two pension schemes – the National Pension System (NPS) and the Unified Pension Scheme (UPS), which was implemented on 1 April. UPS offers a guaranteed pension for ...

The Unified Pension Scheme is the new retirement scheme effective from April 1, 2025. It is for central government employees.

National Pension System (NPS) helps individuals save for retirement by investing in different assets like stocks, government ...

Under UPS, if you have worked for at least 25 years, you will get 50% of the average basic salary of the last 12 months before retirement as a pension. If your service is more than 10 years, you will ...

Central government employees who have worked for more than 10 years are entitled to a guaranteed pension of Rs 10,000 per month. Additionally, those with 10–25 years of service will receive a pension ...

The PFRDA notification clarified that the scheme will be available to those central government employees who already come under the NPS. This includes employees already in service, newly recruited ...

Starting April 1, 2025, central government employees can switch from the National Pension Scheme to the Unified Pension Scheme offering guaranteed benefits.

NPS and PPF both have a lock-in period, although investors can make partial withdrawals. After three years, NPS allows for partial withdrawals from the account. You can seek withdrawals of up to 25% ...

It guarantees a minimum pension of Rs 10,000 per month for employees who complete at least 10 years of government service ...