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Difference between Unified Pension Scheme (UPS) and Old Pension Scheme (OPS)
The Union Cabinet headed by Prime minister Narendra Modi has approved the Unified Pension Scheme or UPS. As per government statement the decision to implement UPS has taken after consultation and 100s of meetings with RBI, World Bank and other government department unions. What is the difference between old pension scheme and Unified Pension scheme or UPS In the UPS the pension will be calculated by adding 50% of basic pay and the prevalent DA. Read more…