by AIP Online Bureau | Jan 26, 2025 | Indian News, Pension & Social Security, Policy
The notification will give the option to 23 lakh government employees to choose between UPS and NPS, which came into effect on January 1, 2004.The notification added that the rate of full assured payout will be 50% of 12 monthly average basic pay, immediately prior to...
by AIP Online Bureau | Aug 25, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
As per the Maharashtra cabinet’s decision, UPS will be effective from March this year and will benefit all state government employees, an official said Mumbai: The Maharashtra cabinet on Sunday decided to implement for state government employees the Unified Pension...
by AIP Online Bureau | Aug 24, 2024 | Breaking News!, Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Workplace/Employee Benefits
Ashwini Vaishnaw, Union Information and Broadcasting Minister While announcing the details of the scheme, Ashwini Vaishnaw, Union Information and Broadcasting Minister said, “Today the Union Cabinet has approved Unified Pension Scheme(UPS) for government...
