National Pension Scheme sees 62,880 new contributing subscribers in July
The Centre on Wednesday said the total number of new contributing subscribers under the National Pension Scheme (NPS) stood at 62,880 in the month of July.
The Centre on Wednesday said the total number of new contributing subscribers under the National Pension Scheme (NPS) stood at 62,880 in the month of July.
The recent introduction of the Unified Pension Scheme (UPS) by the Centre aims to balance the conflicting demands of fiscal responsibility and guaranteed pensions for public employees.
Around 75,000 employees of the Eastern Railway are under the New Pension Scheme (NPS) and would now have the option to switch over to the newly announced Unified Pension Scheme (UPS) by the centre.
The Central government has introduced a new pension scheme, the Unified Pension Scheme (UPS) which will come into effect from April 1, 2025.
In response to a question on the New Pension Scheme (NPS), Chief Minister Yogi Adityanath highlighted significant strides made by his administration in this regard.
Ever since, the employed class in Central government and state governments started feeling the pinch of the new pension scheme, which neither guarantees the principle amount nor the interest thereon at a fixed rate, nor offers a family pension to the deceased pensioner
The accused later dishonestly transferred the entire amount to a private account for investment in the share market, said vigilance sleuths.
Exactly twenty years after it was introduced, the participants in the New Pension Scheme (NPS) are feeling the pinch. Neither the government, nor the trade unions, nor even the beneficiaries - the employees of state and central governments - heeded the economists' hints and analytical advice at that time.
A national convention of unions and associations of Central and state government employees is being held in the National Capital on Saturday to decide the future course of action against the government.
“The aim of the government is to provide social security to all. Affordability of OPS expenditure will be achieved through financial discipline and cutting down on expenses,” said Sukhvinder Singh Sukhu.
