How much will be the government's share in UPS?
Whoever does a job... starts planning his retirement during the job itself. He starts investing in pension funds in advance. After retirement, it is important to have a means of income for yourself instead of depending on others. That is why people invest in different pension schemes. If we talk about government jobs, then people have more options to get pensions.
The government of india has now announced to start UPS Pension Scheme for government employees. Which will come into effect from next month i.e. april 2025. In UPS i.e. Unified Pension Scheme, apart from the salary of the employee, contribution is also made by the government. Know how much contribution will the government give.
The government gives this much contribution in UPS
Unified Pension Scheme i.e. UPS will be implemented in india from april 1, 2025. government employees want to give the benefit of whichever scheme out of these two schemes, NPS and UPS. You can choose it. In the UPS scheme, 10% of the monthly basic salary and dearness allowance of the government employee will be deposited. Let us tell you that in this scheme, not only the government employee will contribute.
But the government will also contribute. The government will contribute 18.5% of the basic salary in the Unified Pension Scheme. Which will be deposited in the permanent retirement account of the employees. Interest will also be given on this by the government.
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