UPS vs NPS: Which pension scheme is better for central government employees?
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar of SahajMoney said the UPS brings certainty through a defined benefit design, unlike the market-linked defined contribution approach of NPS, and that most government employees would therefore likely prefer the UPS.
More of Abhishek's views on retirement
Mint compares the Unified Pension Scheme, in force from 1 April 2025, with the National Pension System for central government employees. It sets out contributions, investment choices, the benchmark corpus rule and the pension formula, then works through an example in which both give a similar pension after 25 years of service, before looking at longer or shorter careers and job changes. It includes comments from Abhishek Kumar.
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UPS vs NPS: Which pension scheme is better for central government employees?
