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Unified Pension Scheme FAQs: Key features, benefits, and all your questions answered

By Economic Times - 3 months ago
The Centre introduced the Unified Pension Scheme (UPS) for its employees, effective from April 2025. The new scheme offers a fixed pension amount, with employees receiving 50% of their average pay over the preceding 12 months after 25 years of service. Government contributions increase to 18.5%, and pensions are inflation-indexed, with familial provisions upon a pensioner's death.

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