💨 Abstract

The Union Government has introduced the Unified Pension Scheme (UPS) for its employees, with details to be revealed in the coming weeks. Both the UPS and National Pension System (NPS) have risks, requiring employees to choose based on their tolerance. Under the UPS, employees contribute 10% of their salary to an individual fund, with the government matching this. Additionally, the government contributes 8.5%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖