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OPS, NPS and UPS: Why pension reform is a hot potato
The Union Cabinet has approved a Unified Pension Scheme (UPS) effective April 1, 2025. It guarantees pensions for 23 lakh central government employees. We discuss its features and benefits compared to the old and new pension schemes.
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By EarshotThe Union Cabinet has approved a Unified Pension Scheme (UPS) effective April 1, 2025. It guarantees pensions for 23 lakh central government employees. We discuss its features and benefits compared to the old and new pension schemes.