'Almost OPS’: Centre's Unified Pension Scheme Offers Big Bonanza For Central Employees
3 months, 4 weeks ago

'Almost OPS’: Centre's Unified Pension Scheme Offers Big Bonanza For Central Employees

News 18  

In a major decision marking almost a return to the Old Pension Scheme which had existed till 2003, the Narendra Modi government has launched the Unified Pension Scheme, conceding a major demand of central employees. The union cabinet cleared the Unified Pension Scheme on Saturday, saying, “UPS structure has elements of both OPS and NPS, and removes uncertainties of the market, and gives assurance.” UPS brings back an assured pension equal to 50% of basic pay plus a dearness relief that will be linked to the inflation index. The Political Impact The Congress would see this to be yet another U-turn by the Modi government after the 2024 Lok Sabha election results, as many BJP functionaries had said that a return to the OPS would mean a big fiscal dent. Modi’s Approach, Says Govt The government said Prime Minister Narendra Modi had followed the path of forming a committee, doing extensive consultations, and taking a “well-thought-out decision”.

History of this topic

Resurrecting the New Pension Scheme (NPS)
3 months ago
Reforms to strengthen Unified Pension Scheme
3 months, 2 weeks ago
Why did the Centre alter its pension plan?
3 months, 3 weeks ago
Central government employees forum says it will fight for Old Pension Scheme
3 months, 3 weeks ago
NPS won't be rolled back, UPS is to improve it, no compulsion for states to adopt it: FM Nirmala Sitharaman
3 months, 3 weeks ago
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1 year, 2 months ago
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1 year, 6 months ago
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1 year, 9 months ago
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1 year, 9 months ago
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1 year, 9 months ago
Maharashtra CM announces committee to study implementation of Old Pension Scheme
1 year, 9 months ago
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1 year, 9 months ago
’Find less costly ways...’: Raghuram Rajan speaks on Old Pension Scheme
1 year, 9 months ago
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1 year, 9 months ago
In Maharashtra Council, Devendra Fadnavis echoes Montek Singh Ahluwalia to counter Old Pension Scheme demand
1 year, 9 months ago
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1 year, 10 months ago
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1 year, 11 months ago
Himachal Pradesh reinstates Old Pension Scheme in first cabinet meeting
1 year, 11 months ago
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1 year, 11 months ago
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1 year, 11 months ago
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1 year, 11 months ago
Old is not gold: The Hindu Editorial on the return to the old pension scheme
2 years ago
How Old Pension Scheme Is Different From NPS As Himachal CM Reiterates Promise
2 years ago
Old Pension Scheme A 'Revdi' or Pan-India Poll Plank? For 2024, Congress to Take A Leaf Out of Priyanka's Himachal Playbook
2 years ago
Cong, AAP Promise Old Pension Scheme: Will OPS Emerge as Key Issue in Gujarat After Himachal?
2 years ago
Punjab government approve the implementation of Old Pension Scheme
2 years, 1 month ago
Cong, AAP Make OPS Restoration Demand Major Poll Plank in Gujarat
2 years, 1 month ago

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