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Daily Archives: August 25, 2024

GoI Approves Unified Pension Scheme for Government Employees

GoI Approves Unified Pension Scheme for Government Employees

In a significant move to enhance retirement benefits for government employees, the Union Cabinet on Saturday approved the Unified Pension Scheme (UPS). This new scheme is set to benefit approximately 23 lakh government employees and will serve as an alternative to the existing National Pension System (NPS). Background The decision comes after a thorough review …