UPS vs NPS: Only 1 lakh of 23L govt employees switch to Unified Pension Scheme; request deadline extension
UPS vs NPS: Only 1 lakh of 23L govt employees switch to Unified Pension Scheme; request deadline extension
The government is considering extending the September 30 deadline for switching to the Unified Pension Scheme (UPS) as only 1 lakh out of 23 lakh employees have opted. Employee associations are seeking a two-month extension, citing communication gaps and difficulties in understanding the new rules, despite recent incentives to make the UPS more attractive.
The government is considering extending the September 30 deadline for switching to the Unified Pension Scheme (UPS) as only 1 lakh out of 23 lakh employees have opted. Employee associations are seeking a two-month extension, citing communication gaps and difficulties in understanding the new rules, despite recent incentives to make the UPS more attractive.