The Unified Pension Scheme (UPS), which was opened for switching from the market -linked National Pension System ( NPS) on April 1, has made a tepid start even though pension at 50% of the last 12 ...

Under UPS, subscribers will contribute 10% of their basic pay and dearness allowance on a monthly basis. NPS stands as a prominent tax-saving investment choice in the nation, presenting an array of ...

The Unified Pension Scheme is the new retirement scheme effective from April 1, 2025. It is for central government employees. If you're currently under NPS, you'll have the option to shift to this new ...

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

From guaranteed pensions to market-linked returns—know the key features of both UPS and NPS before deciding what secures your ...

According to Kumar, staying with NPS for 25 years could build a corpus of ₹2.25 crore. You could use 60% of that to draw ₹33,750 per month, increasing the payout by 3% annually.

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

UPS offers a guaranteed pension for life and 60% of it for the spouse. NPS, on the other hand, allows you to withdraw 60% of ...

The Ministry of Finance is carrying out a study on global pension fund management for investing the pool corpus. UPS pledge ...

The finance ministry is formulating rules for investing the pool corpus under the new Unified Pension Scheme, which ensures ...

The UPS was approved by the central government in August last year to provide a guaranteed pension to retirees with a minimum ...

All stakeholders in the NPS ecosystem must actively participate in raising awareness through both digital and offline ...