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Ahead of polls, Maharashtra becomes first state to approve Unified Pension Scheme

By Economic Times - 3 months ago
The Maharashtra Cabinet has given the nod to the central government's Unified Pension Scheme, starting April 1, 2025. This scheme integrates features of both the old and new pension systems, offering a guaranteed pension amount. Employees with 25+ years of service will receive 50% of their last salary, along with inflation-adjusted increases.

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