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NPS retirees with 10+ yrs can claim addl UPS benefits

The Centre NPS subscribers who retired on or before March 31 with a minimum of 10 years of qualifying service or their spouse can claim the additional benefits under the Unified Pension Scheme (UPS). As per the scheme, the retired...
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The Centre NPS subscribers who retired on or before March 31 with a minimum of 10 years of qualifying service or their spouse can claim the additional benefits under the Unified Pension Scheme (UPS).

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As per the scheme, the retired employee who opted for UPS would get a lump sum payment (one time) of one-tenth of the last drawn basic pay and dearness allowance thereon, for each completed six months of qualifying service.

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