 "The Department of Expenditure (DoE) in the Ministry of Finance is likely to put out operational framework for implementing the unified pension scheme (UPS). This framework will outline the modalities for various scenarios, including individuals who")
The Department of Expenditure (DoE) in the Ministry of Finance is likely to put out operational framework for implementing the unified pension scheme (UPS). This framework will outline the modalities for various scenarios, including individuals who retired under the National Pension System (NPS) and opted for partial withdrawals of the annuity amount.
Approved by the Union Cabinet on Saturday, UPS will be implemented from April 1, 2025.
“We will be releasing the operational framework. Technically, there is time until March 31, 2025, to finalise the operational modalities and mechanisms to be adopted by the Pension Fund Regulatory and Development
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