With government share at 18.5%, UPS switch to give higher pension

With government share at 18.5%, UPS switch to give higher pension

Government employees shifting to the Unified Pension Scheme saw a boost in their pension due to the government increasing its contribution from 14% to 18.5%. A calculation showed a potential 19% increase for those with a Rs 50,000 monthly salary, considering an 8% compounded annual growth rate. Employee contribution remained at 10%.

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