UPS: An ‘improvement’ on NPS or a step back in pension reforms?
On August 4, the Union Cabinet approved yet another modification to the National Pension System (NPS), the scheme applicable to 23 lakh Central government employees who joined service on January 1, 2004, or later. The NPS, which was earlier called the New Pension Scheme as it replaced the Old Pension Scheme (OPS), has also been […]