Who Will Benefit Most From Replacing NPS With Unified Pension Scheme | Paisa Live

The Cabinet has approved the Unified Pension Scheme (UPS) for government employees, replacing both the old and new pension schemes. Under the new scheme, employees who complete a minimum of 25 years of service will receive 50% of their basic payment as a pension. Additionally, those with at least 10 years of service will receive a minimum pension of ₹10,000. This move aims to provide a more standardized and comprehensive pension plan, offering greater financial security to government employees. The implementation of UPS is expected to streamline pension benefits and enhance the overall retirement security for the workforce. To know more watch the video till the end.