TrendingVideosIndia
Opinions | CommentEditorialsThe MiddleLetters to the EditorReflections
UPSC | Exam ScheduleExam Mentor
State | Himachal PradeshPunjabJammu & KashmirHaryanaChhattisgarhMadhya PradeshRajasthanUttarakhandUttar Pradesh
City | ChandigarhAmritsarJalandharLudhianaDelhiPatialaBathindaShaharnama
World | ChinaUnited StatesPakistan
Diaspora
Features | The Tribune ScienceTime CapsuleSpectrumIn-DepthTravelFood
Business | My MoneyAutoZone
News Columns | Straight DriveCanada CallingLondon LetterKashmir AngleJammu JournalInside the CapitalHimachal CallingHill View
Don't Miss
Advertisement

Central Govt staff allowed one-time UPS to NPS switch

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Yearly Premium ₹999 ₹349/Year
Yearly Premium $49 $24.99/Year
Advertisement

The Union Government on Monday introduced a one-time, one-way switch facility allowing employees opted for the UPS to transition to the NPS.

Advertisement

The announcement aims to provide greater flexibility to Centre employees in managing their retirement benefits. UPS subscribers can exercise this switch option at any time up to one year before their superannuation or three months prior to their deemed retirement date in cases of voluntary retirement. Similar provisions, with minor modifications, will apply to employees resigning or those subject to Rule 56J (compulsory retirement under specific conditions).

Advertisement

Advertisement
Show comments
Advertisement