#Unified Pension Scheme upsc
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What is New Unified Pension Scheme 2024: Full Details, Calculator & More
What is the New Unified Pension Scheme (UPS)?
In response to opposition to the National Pension System (NPS) and the increasing demand for the Old Pension Scheme (OPS), the central government has provided a significant benefit to its employees.
Who is Eligible for the New Unified Pension Scheme?
Under this scheme, central government employees who have worked for 25 years will receive a pension equal to 50% of their basic salary from the last 12 months of their job.
States will also have the option to adopt this model. If they do, the total number of central and state employees covered by this scheme could reach 90 lakhs.
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