Unified pension scheme is a U-turn that will have severe fiscal implications

Mohan, Deepanshu (2024) Unified pension scheme is a U-turn that will have severe fiscal implications. The Quint.

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Abstract

On 24 August, the Union Cabinet approved the Unified Pension Scheme (UPS), effective from 1 April 2025, providing government employees with assured pension post-retirement. The scheme shall be applicable for those who retired under the New Pension Scheme (NPS) from 2004 onwards. It is said that this was done in response to the backlash from government employees to the NPS, which came into existence on 1 January 2004, under the then Vajpayee government, replacing the Old Pension Scheme (OPS).

Item Type: Article in News Papers and Magazine
Keywords: Unified Pension Scheme (UPS) | Pension Post-retirement
Subjects: Social Sciences and humanities > Social Sciences > Social Sciences (General)
Social Sciences and humanities > Social Sciences > Public Administration
Social Sciences and humanities > Social Sciences > Public Policy
JGU School/Centre: Jindal School of International Affairs
Depositing User: Subhajit Bhattacharjee
Date Deposited: 05 Sep 2024 08:07
Last Modified: 05 Sep 2024 08:07
Official URL: https://www.thequint.com/opinion/ups-unified-pensi...
URI: https://pure.jgu.edu.in/id/eprint/8408

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