The Central Pension Accounting Office (CPAO) on March 12 issued instructions to all relevant authorities to stick to its new guidelines of processing NPS pension cases in the same manner as the Old Pension Scheme (OPS). Earlier, on December 18, 2023, the CPAO had issued guidelines to implement the method in order to ensure timely…
Focused on managing a home loan and investing in over ten mutual fund schemes, Singh delayed signing up, opting instead for a higher in-hand salary. His decision, influenced by hopes of the old pension scheme (OPS) returning in some form, highlights the financial dilemmas faced by young government employees navigating between immediate needs and long-term…
The government’s decision to set up the 8th Pay Commission for salary revision is hard to reconcile with its oft-vocalized stance in favour of fiscal prudence. Agreed, the period of the 7th Pay Commission, which came into effect in 2016, will end in 2026. So there was a case for setting up a new one. …
New Delhi: There will be no rollback of the new Unified Pension Scheme (UPS) for central government employees, a senior government official said on Tuesday. Trade unions have been demanding the rollback of employee contributions to the UPS, which combines benefits of the Old Pension Scheme (OPS) and National Pension Scheme (NPS), providing assured pensions…
The Government of India has announced the Unified Pension Scheme (UPS), a new pension plan for employees working under the government. The new scheme will provide an assured pension scheme to benefit nearly 90 lakh pensioners under the central government. The central government launched the UPS to cater to the demands of the employees regarding…
