Pension schemes: Retirement planning is a very important financial decision. The right plan can make many future difficulties easier. All people plan their pension during the job. Then even if he is a government job. Currently, new government employees in India get pension under NPS i.e. National Pension Scheme.
So at the same time, central employees admitted before 22 December 2003 get pension under OPS i.e. Old Pension Scheme. From 1 April 2025 in the country, employees can also take pension under Unified Pension Scheme i.e. UPS. Let us tell you. How much is the difference between the three pension schemes and the most benefit in which.
What is the difference between NPS, UPS and OPS?
The Unified Pension Scheme will be implemented from 1 April 2025 this year. Under UPS, central employees will be given a fixed pension. Which will be 50% of his last 12 -month average basic salary. Employees will have to serve for at least 25 years to get this pension. If the employees die. So his family will get 60% of the employee’s pension.
https://www.youtube.com/watch?v=- NHT5EOTVHC
Apart from this, people who work for 10 years. They will also get a pension of at least 10,000. In this, the pension of retired employees will continue to increase according to inflation. Under this pension scheme, the government will give 18.4 percent contribution. Whereas employees will have to contribute 10% including basic salary and DA. Pension will be given under UPS on the basis of this contribution.
Also read: Women who travel free free travel in Delhi buses may have to pay fine, know these rules
Talking about NPS scheme, anyone from private to government employee can take advantage of it. NPS has a reduction of 10 percent of salary. NPS is a link to stock market. On contribution in this, at the time of retirement, up to 60% amount is given a lump sum and the remaining 40% is given as annuity.
Talking about OPS, on the basis of the last basic salary of the central employee in OPS and how many years is done, guaranteed pension is given. Employees working at least 10 years are eligible to take OPS. In this, dearness allowance is increased twice annually. Employees do not have to do any contribution in it. Nor is there any deduction from his salary for this during his service. GPF facility is also available in it. However, let us tell you that only employees admitted before December 22, 2003 can take advantage of this.
Also read: Neither registration nor verification, women will get 2500 rupees after how many months in Delhi?
More benefits in which scheme?
If a government employee is eligible to take pension under Old Pension Scheme i.e. OPS. So the best OPS for him is. Because there is more benefit in it. Apart from government employees in NPS, private employees can also apply. It does not have a guaranteed pension but gets returns on the basis of investment. Talking about the same UPS, contribution is also given by the government in this. That is, the second best pension scheme after OPS is UPS. Employees can choose any pension scheme by calculating their needs.
Also read: Three of the four tickets were confirmed and if not one, how can he travel? This is the rule
