Fri, Sep 13, 2024
NPS vs UPS vs OPS: In Unofied Pension System (UPS), the pension amount is 50 per cent of the last 12 months basic pay (for employees who have completed 25 years of service).
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Fri, Sep 06, 2024
NPS vs UPS vs OPS: The central government launched NPS for central government employees in 2004. The government included private employees, self-employed, and other individuals in 2009. UPS is aimed at consolidating multiple pension systems like OPS and NPS into a single framework. Old Pension System (OPS) is the first pension in India introduced in 1924. It was revised post independence.
Thu, Sep 05, 2024
The late Wednesday night meeting took place days after the Maharashtra Cabinet decided to implement the Centre's UPS for the state government employees in Maharashtra.
Fri, Aug 30, 2024
OPS vs NPS vs UPS Pension Calculations: In the Old Pension System (OPS), employees invest 10 per cent of their monthly salary along with basic and dearness allowance, while the government contributing 14 per cent. National Pension Scheme (NPS) funds invest in equity, corporate debt, government bonds, and alternative Investment funds.
Sun, Aug 25, 2024
With the Unified Pension Scheme coming into force on April 1 next year, the central government employees covered under National Pension Scheme (NPS) will have choice to continue with it or opt for the new scheme.
Sat, Aug 24, 2024
The employees will have the choice to continue with the National Pension Scheme or UPS.
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