There has been a long fight to implement the old pension scheme in India, and in such a situation, the government gave the National Pension Scheme to government employees and pensioners.
People were not satisfied with this scheme and kept requesting that it be implemented again. The government made some big decisions in the recent cabinet meeting, under which people are now seeing a solution to this problem to a great extent.
The central government has given the gift of a new pension scheme, the Unified Pension Scheme, which was announced in a press meeting by Union Minister Ashwini Vaishnav.
He said that the Modi government has approved the Unified Pension Scheme. According to the information on the official website of the PMO, this pension scheme has many facilities.
Know how much pension and family pension you will get
According to the official report, if you complete 25 years of service, you will receive a 50% pension of your salary, which is calculated according to your last year of employment.
If the pensioner dies, 60% of the pension just before his death will be given to the family as a family pension. This has also been taken care of.
Dearness allowance and gratuity benefits will be available
According to the government report, a decision has been taken regarding the dearness allowance in the Unified Pension Scheme as well.
Just as at present, the dearness allowance is decided according to inflation every six months, calculated according to the basic payment, and added to the pension, similarly, the new pension scheme will be given to the people under the Unified Pension Scheme. The final calculation of DA will be based on the data from the AICPI index.
Some rules have been made for gratuity money after retirement; it will be given to the employees together. Also, the government has found some easy ways for people to get gratuity money.
The state government has the option
The central government has also requested that the state government move forward with the unified pension scheme in their state. Maharashtra became the first state to implement the unified pension scheme.
In view of this, the Uttar Pradesh government has given all employees the option of the old pension scheme and NPS along with the unified pension scheme.