Centre Announces Unified Pension Scheme: How Will UPS Differ From OPS, NPS?
(UPS) which will provide government employees with assured pension post-retirement. The scheme will be effective from April 1, 2025, according to the government announcement.
This development comes amid significant backlash from government employees to the New Pension Scheme (NPS), which the Opposition has tapped into for political gains. Opposition-ruled states like Himachal Pradesh (in 2023), Rajasthan (in 2022), Chhattisgarh (in 2022), and Punjab (in 2022) have reverted to the Old Pensions Scheme (OPS).
