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Pension SchemeParaworld Home -
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82% Informative
The Unified Pension Scheme (UPS) aims to bolster the financial security of government employees.
Under the UPS , employees with at least 25 years of service will receive a pension equivalent to 50% of their average basic pay drawn over the last 12 months of service.
The UPS also guarantees a minimum pension of 10,000 per month and includes inflation-linked increases, ensuring retirees maintain their standard of living.
As the implementation date approaches, it is crucial for government employees and policymakers to understand the UPS and its impact on their financial future. The UPS represents a significant step forward in enhancing India ’s social security system and ensuring a dignified retirement for government employees. Wanna Explore More Articles? PM Modi’s Ukraine visit PM Modi visited Ukraine after his Poland visit, met President Zelenskyy and had conversations regarding ongoing Russia -Ukraine Conflict..
VR Score
86
Informative language
89
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30
Article tone
formal
Language
English
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64
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Time-value
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