UPS is a New Scheme, Not Rollback: Finance Minister
Finance Minister Nirmala Sitharaman clarified that the newly launched Unified Pension Scheme (UPS) is a new scheme and not a rollback of the old pension scheme. She emphasized that UPS is a better option for government employees.
New Delhi, Aug 27 (PTI) Accusing Congress of spreading misinformation, Finance Minister Nirmala Sitharaman on Tuesday said the newly launched UPS is a new pension scheme and not a rollback.
"It is not a rollback... it is different from OPS (Old Pension Scheme) and NPS (National Pension System). It is clearly a new package," she said, adding, the Unified Pension Scheme (UPS) is better and will satisfy most government employees.
UPS is tailored in such a fashion that every calculation fits and even the government is not burdened too much, she said.
She expressed hope that most of the states would adopt UPS "as it has a lot of benefits for employees".
"It is not a rollback... it is different from OPS (Old Pension Scheme) and NPS (National Pension System). It is clearly a new package," she said, adding, the Unified Pension Scheme (UPS) is better and will satisfy most government employees.
UPS is tailored in such a fashion that every calculation fits and even the government is not burdened too much, she said.
She expressed hope that most of the states would adopt UPS "as it has a lot of benefits for employees".
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