Unified pension scheme vs NPS Explained: Which is better for your retirement?
Zee Business Video Team | Updated: August 29, 2024 05:29 PM IST
Both UPS and OPS provide pensions to government employees, but the calculation methods differ. Under UPS, the pension is calculated as 50 per cent of the average basic salary over the last 12 months before retirement. In contrast, OPS calculated the pension as 50 per cent of the basic salary for the last month of service.
