look news india
Unified Pension Scheme: The Modi government at the Center has approved the Unified Pension Scheme (UPS) scheme on Saturday. Under this, now an employee who has served for at least 25 years will get 50 percent of the average basic salary of the last one year of service as pension before retirement. Union Information and Broadcasting Minister Ashwini Vaishnav said that the government employees were demanding a fixed amount for a long time.
23 Lakhs of employees will get benefit
Under the Unified Pension Scheme, if an employee leaves the job after 10 years of service, he will be given a guaranteed pension of ten thousand rupees per month. This step of the central government will benefit 23 lakh employees of the country. The Union Minister said that if an employee wants to choose either New Pension Scheme (NPS) or Unified Pension Scheme, he will also get this option.
The central government has started this scheme in place of NPS. The Union Minister said, “Many meetings were held with JCS. What kind of schemes are there in other countries, it was discussed. After this, we discussed the Indian economy and the central government's Budget “The World Bank had to understand this, after which the committee suggested a unified pension scheme.
How much money will I get as pension?
Union Minister Ashwini Vaishnav said, “Fifty percent of the fixed pension is the first pillar of this scheme. For this, the employee must have completed at least 25 years of service. If the service of an employee is less than 25 years and more than 10 years. He will have a proportionate pension amount. The second pillar is the fixed family pension, under which if the employee dies, the spouse of the deceased will get 60 percent of that pension.
The Union Minister said, “The third pillar of the scheme is the scheduled minimum pension. Government employees often have short service, due to which they do not get adequate pension. Central government employees also reported this as a major issue. Therefore, the scheduled minimum pension of Rs 10,000 per month has been provided in this scheme.”