What are the benefits of UPS to be effective from April 1?

Unified Pension Scheme will come into effect on April 1. Under UPS, government employees will contribute 10% of their basic salary, along with DA, while government contributes 18.5%. UPS assures 50% of average basic pay drawn over last 12 months before superannuation for minimum qualifying service of 25 years. Employees with minimum of 10 years' service will get ₹10,000/month pension.

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