Anticipated Government Move: Guaranteed Pensions in NPS by Year-End: In a significant move, the Union government is on track to overhaul the National Pension Scheme (NPS) by the end of this year. The aim is to provide employees with a retirement payout that guarantees a minimum of 40-45% of their last-drawn salary. This development stems from recommendations made by a high-level panel currently examining the matter, as disclosed by two informed sources.
The subject of pension reform has recently become a politically divisive issue, with several states governed Read More
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