On Saturday, Prime Minister Narendra Modi stated that the government’s commitment to the welfare of its employees and the provision of a secure future for them is reflected in the Unified Pension Scheme (UPS).
We are proud of the hard work of all government employees who contribute significantly to national progress. The Unified Pension Scheme ensures dignity and financial security for government employees, aligning with our commitment to their well-being and a secure future.…
— Narendra Modi (@narendramodi) August 24, 2024
“We are proud of the hard work of all government employees who contribute significantly to national progress. The Unified Pension Scheme ensures dignity and financial security for government employees, aligning with our commitment to their well-being and a secure future,” PM Modi said in a social media post, shortly after the Union Cabinet announced that under the Unified Pension Scheme (UPS) government employees will now be eligible to get 50 percent of the average basic pay drawn over the last 12 months before the superannuation as pension.
Modi Govt launches the Unified Pension Scheme (UPS)
1. Assured Pension: 50% of Avg basic pay for 25 years of service.
2. Family Pension: 60% of the employee’s pension after demise.
3. Minimum Pension: ₹10,000/month after 10 years of service.
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