About In 2024, the government has approved the Unified Pension Scheme (UPS) for Government employees that will be implemented along with the present National Pension Scheme (NPS), and will be effective from FY26. UPS has features of both old and …
National Pension System NPS, regulated by the Pension Fund Regulatory and Development Authority (PFRDA), is a contributory pension scheme under which employees contribute 10 per cent of their salary. The government contributes 14 per cent towards the employees’ NPS accounts. …