 "The Department of Expenditure (DoE) in the Ministry of Finance is likely to put out operational framework for implementing the unified pension scheme (UPS). This framework will outline the modalities for various scenarios, including individuals who")
The finance ministry has permitted a one-time, irreversible switch from the Unified Pension Scheme (UPS) to the National Pension System (NPS) for central government employees. The option can be exercised up to one year before superannuation or three months before the deemed retirement date in the case of voluntary retirement.
NPS: Growth and flexibility
NPS permits equity allocation of up to 75 per cent till the age of 50 under the Active Choice option. “Employees can possibly get better returns over 20–30 years in NPS,” says Abhishek Kumar, Sebi-registered investment adviser
