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UPS differs from OPS in pension calculation, minimum pension amount, lumpsum payment, employee contribution

By Economic Times - 3 weeks ago
Unified Pension Scheme: The government announced the Unified Pension Scheme (UPS) for government employees on August 24, 2024. The new pension scheme has features of a mix of the old pension scheme (OPS) and the national pension system (NPS). However, the UPS seems to be a better deal for government employees compared OPS.

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