The central government has launched a new pension scheme (Unified Pension Scheme) for central government employees. The scheme will be implemented from 1st April 2025 and will replace the New Pension Scheme (NPS) for central government employees. Union Minister Ashwini Vaishnaw announced that the newly approved UPS would provide government employees a 50 percent assured pension. It aims to benefit around 23 lakh central government employees. The scheme will benefit around 90 lakh employees if state government employees also get involved.
Now a question arises – will bank employees also receive the benefits of this UPS scheme? As per the sources, until now no decision has been taken regarding implementing the UPS scheme for bank employees. As a result, bank employees are left in a state of uncertainty. Previously, bank employees have been advocating for the reinstatement of the Old Pension Scheme (OPS). We will keep you informed with any updates about the implementation of the Unified Pension Scheme (UPS) for bank employees as soon as we receive them. Click here to join our whatsapp channel.
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