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Searched Tag: nps
On August 25, the Finance Ministry introduced a ‘one-time one-way’ switch facility from the newly-introduced UPS to the NPS, saying it will be made available to all central government employees who have opted for UPS

Government employees asked to opt for UPS before Sept 30 deadline

September 18, 2025, 05:42 PM - 2 min read

The deadline for government employees to shift to the Unified Pension Scheme (UPS) is September 30, said the Finance Ministry, adding that those who choose to remain in NPS cannot opt for UPS after the deadline

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PFRDA aims to bridge gap in NPS' access for informal sector.

PFRDA calls for expanding NPS' reach to informal sector

December 22, 2024, 05:20 PM - 4 min read

India’s pension system faces a challenge in reaching a significant portion of the workforce, particularly those working in the informal sector, which accounts for around 80% of the country’s employment.

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What Changes with Unified Pension Scheme Versus NPS.

How does ‘Unified Pension Scheme’ differ from NPS?

August 24, 2024, 10:50 PM - 3 min read

The recently approved Unified Pension Scheme (UPS) offers a significant change from the existing National Pension System (NPS) for government employees. The new scheme promises a more predictable retirement income compared to the NPS, which is subject to market fluctuations.

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