Union Pension Scheme (UPS) and National Pension System (NPS) are two major pension schemes in India, offering different benefits and structures for government employees. This article compares their features, eligibility, and implications to help individuals choose the best option for their retirement planning.
The UPS is designed for central government employees, providing a guaranteed pension with inflation adjustments, while NPS offers more flexibility and investment choices. Both schemes have their unique advantages and drawbacks, making the decision dependent on individual financial goals and circumstances.
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