Unified Pension Scheme will not be rolled back, says government official in response to trade union demand
6 months, 2 weeks ago

Unified Pension Scheme will not be rolled back, says government official in response to trade union demand

Live Mint  

New Delhi: There will be no rollback of the new Unified Pension Scheme for central government employees, a senior government official said on Tuesday. This is a pension for central government employees, which is different from the pension system of the state government and the private sector.” ‘UPS an upgrade of existing NPS’ The UPS can be seen as an upgrade of the existing NPS for government employees, who will continue contributing 10% of their income to the scheme. Meanwhile, no major decision on tax rate rationalization is expected in the upcoming GST Council Meeting, slated to be held in New Delhi on 9 September, the official mentioned above said. “So, there will be no decision expected on the current status in the upcoming GST Council Meeting.” The person said states don't want to reduce rates item-by-item as revenue remains their priority.

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