Initially introduced by the Government on January 24, 2025, as an alternative within the National Pension System (NPS), UPS is scheduled to go into effect on April 1, 2025. The scheme is designed ...

UPS offers a guaranteed pension for life and 60% of it for your spouse. NPS, on the other hand, allows you to withdraw 60% of the corpus as a tax-free lump sum and invest the remaining 40% into an ...

The move may also influence state governments to explore ... officially notified the operation of UPS under the NPS Regulations 2025. These regulations divide central government employees into ...

Given this, the Centre tried to find a middle ground through the Unified Pension Scheme (UPS), blending some of the key features from both pension schemes – OPS and NPS. Like OPS, UPS guarantees ...

Both schemes have distinct features that cater to the diverse needs of employees across sectors, with the UPS offering a more structured and predictable pension plan, while the NPS is market ...

The Central Government has introduced the Unified Pension Scheme (UPS) as an alternative to the National Pension System (NPS). The official announcement for UPS was made on January 24, 2025 ...

Observing that NPS has emerged as a robust retirement savings mechanism in the country, he said, its growing assets under management and subscriber base is reflective of people's trust in the scheme.

UPS is a new pension scheme that will be applicable from April 1, 2025. The scheme is a mix of Old Pension Scheme (OPS) and National Pension System (NPS). UPS guarantees a minimum Rs 10,000 monthly ...