Times of IndiaLean R·
More than 1.18 lakh Central employees choose Unified Pension Scheme: FM Sitharaman tells Parliament
More than 1.18 lakh employees and retirees chose the Unified Pension Scheme. This scheme offers an assured monthly payout after retirement. It was introduced as an option under the National Pension System. Benefits like gratuity and death gratuity were extended to these employees. Tax treatment aligns with the National Pension System, and a one-time switch back is allowed.
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