The UPS will AFTER over a year of deliberation, the committee constituted to review the pension scheme for government employees has come up with the Unified Pension Scheme (UPS), which is the middle ground between the National Pension System (NPS) and the Old Pension Scheme (OPS).
We will look at every feature of the new scheme in comparison with the existing NPS and the OPS, which the government employees have been demanding for.
Features of UPS
The UPS will be an 'improvement' over the NPS as it addresses three major concerns of the government employees - a pension which is not market linked; their pension is protected from inflation; and a minimum assured pension for employees who have a shorter service. Under UPS, the government will ensure that employees receive a pension equivalent to 50% of their last drawn basic salary for a minimum qualifying service of 25 years.
For employees who have short service of a minimum 10 years, a proportionate amount will be given as pension.
Diese Geschichte stammt aus der August 26, 2024-Ausgabe von The Morning Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 26, 2024-Ausgabe von The Morning Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
179 killed as South Korean plane crash-lands.erupts into fireball
Two crew members of Bangkok-Muan flight survive; landing gear glitch, bird hit suspected
Narrow escape for passengers as Air Canada jet catches fire
ANOTHER aviation tragedy was averted on Saturday night after an Air Canada flight suffered a suspected landing gear failure and a part of it caught fire as it skidded down the runway of Canada's Halifax airport.
THERE'S LOVE INSIDE
The team at The Bookshop Inc, is continuing a legacy of curation, community, and quiet defiance against the tide of digital convenience. TMS speaks to them about their journey, and the joys and pains of running a bookstore, as Delhi’s cherished landmark marks its first anniversary.
The ripple effect of a daydream!
The mother's voice is shrill and piercing. \"Nimish, you are such a dreamer. You need to stop this silly habit. Dreams don't pay bills. Only hard work pays off. Use this time on the flight to do some Math sums.\" The son mumbles what is not quite a reply. And in the seat behind, I pinch my AirPods to enter a quieter world—my own dream time. But I see a little nose press against the aircraft window in front and I can sense a pair of small shoulders sag.
Man City stop the rot with victory
MANCHESTER City provided Pep Guardiola some relief with a 2-0 victory at Leicester to secure just a second win in 14 games for the crisis-hit English champions on Sunday.
Jamshedpur FC pip Kerala Blasters in ISL
PRATIK Chaudhari's goal proved to be the difference-maker as Jamshedpur FC edged Kerala Blasters FC 1-0 in the ongoing Indian Super League at the JRD Tata Sports Complex in Jamshedpur on Sunday.
Meet the Parents Who Kept Nitish's Dreams Alive
MUTYALA Reddy was the star at lunch on day four of the Boxing Day Test at the Melbourne Cricket Ground.
Who Will Have the Last Laugh?
After eventful contest between ball and bat on Day 4, final day promises to be a thriller
Australia trade pact completes two years; India exports up 14% FY24
THE India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA), which completed two years on Sunday, has helped India increase its exports by 14% to the Indo-pacific nation in FY24.
Reliance's refinery at Jamnagar completes 25 yrs
RELIANCE launched its first refinery at Jamnagar, Gujarat, 25 years ago, on December 28. Today, Jamnagar has become the world's refining hub.
