Unified Pension Scheme: How Centre aligned fiscal deficit while keeping employees’ interests intact
While the scheme is aimed at ensuring financial security of employees, it also effectively balances the country's economic health.
While the scheme is aimed at ensuring financial security of employees, it also effectively balances the country's economic health.
"We are proud of the hard work of all government employees who contribute significantly to national progress," Modi said.
Proposed to be effective from 1st April, 2025, the scheme has assured pension, which will be 50 per cent of the average basic pay drawn over the last 12 months prior to superannuation, for a minimum qualifying service of 25 years.
