Only 4% of NPS Subscribers Have Migrated to Unified Pension Scheme
India's Unified Pension Scheme (UPS), introduced for central government employees, has recorded very low uptake since its launch. Just 4% of National Pension System subscribers have chosen to migrate to the new scheme. The government had designed UPS with assured pension benefits and gratuity provisions as key features. Due to the poor response, authorities have extended the deadline for employees to make the switch. The government has clarified that no plans are under consideration to replace or overhaul the UPS.
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