Nirmala Sitharaman said big thing on Unified Pension Scheme!
Nirmala Sitharaman said big thing on Unified Pension Scheme!
Unified Pension Scheme will come into existence from april 1, 2025. But before the formal launch, the central government is busy finalizing the Unified Pension Scheme. Department of Financial services Secretary M Nagaraju said that the government will soon release the final version of the Unified Pension Scheme.
Assured pension is a big feature of UPS
Addressing the NPS Vatsalya launching program for minors, referring to the Unified Pension Scheme, Finance minister nirmala sitharaman said, the government has come up with a Unified Pension Scheme which is for central government employees and this scheme will be implemented from april 1, 2025. The Finance minister said, the Unified Pension Scheme has all the good things of the Old Pension Scheme and the New Pension Scheme and its specialty is that it guarantees assured pension after retirement which was in OPS. But UPS also includes other features.
Relief from inflation
The Finance minister said, in the Unified Pension Scheme, the central employee will get 50 percent of the base salary of the 12 months before retirement as pension. Apart from this, inflation relief will also be given in the Unified Pension Scheme under inflation indexation so that pensioners can be relieved from inflation.
UPS will not burden the treasury!
The Finance minister said, the Unified Pension Scheme takes full care of the interests of government employees, but as it is my responsibility as the Finance minister, I can say that it also takes care of the interests of taxpayers so that the future generation does not have to bear the heavy burden of pension liability. nirmala sitharaman said, as the Finance minister, it is my responsibility to take care of the financial condition, but it is also my responsibility that whatever I do today, our future generation should not have to suffer its consequences and the taxpayers should not be burdened.