Central Government announced Integrated Pension Scheme

Central Government announced Integrated Pension Scheme

Daily Current Affairs / Central Government announced Integrated Pension Scheme

Change Language English Hindi

Category : National Published on: August 27 2024

Share on facebook

On the new and old pension scheme, the Central Government announced the Integrated Pension Scheme (UPS).
Under what conditions will central employees get financial benefits under the Integrated Pension Scheme?
In this, like the old pension scheme (OPS), government employees will get 50 percent of the average basic salary after retirement.
This scheme will come into effect from 1 April 2025.
Under the UPS scheme, employees will get 50% of the average basic pay of the 12 months preceding retirement as pension, subject to the requirement of 25 years of service.
Under UPS, assured pension, family pension, and minimum pension will get indexation based on Dearness Relief (DR), whereby the pension amount will be adjusted as per the inflation rate.

Recent Post's

India launched the UPI-UPU integration project in Dubai to enable faster, safer and low-cost cross-border remittances.
Read More....
ICC launched its “Will to Win” campaign ahead of the 2025 Women’s Cricket World Cup hosted by India.
Read More....
India announced a $680 million economic package for Mauritius, including health, infrastructure and energy projects.
Read More....
TCIL and PNB signed an MOU to strengthen IT infrastructure and enhance digital banking services.
Read More....
India inaugurated its first overseas Atal Innovation Centre at IIT Delhi–Abu Dhabi to boost education and innovation cooperation.
Read More....
ISRO transferred SSLV technology to HAL, enabling independent production and commercialization of small satellite launch vehicles.
Read More....
AIIMS-Delhi launched the AI-based “Never Alone” app to prevent student suicides and promote mental health.
Read More....
Pradhan Mantri Matsya Sampada Yojana completes five years, boosting fish production, exports, jobs, and women empowerment.
Read More....
Iran and IAEA agreed to resume nuclear inspections, allowing limited monitoring while respecting Iranian sovereignty.
Read More....
Srinivas Injeti was appointed Chairperson of NSE Governing Board as India prepares for its long-delayed IPO.
Read More....