August 24, 2024 9:41 PM
Centre announces Unified Pension Scheme for its employees
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the Unified Pension Scheme (UPS). The salient features of the UPS are: 1. Assured pension: 50% of the average basic pay drawn over the last 12 months prior to superannuation for a minimum qualifying service of 25 ye...