How can the Unified Pension Scheme benefit workers in India
Exploring the potential advantages of the Unified Pension Scheme for workers in the country.
- Financial security: The Unified Pension Scheme can provide a sense of financial security to workers in India by ensuring a regular income post-retirement.
- Social welfare: Workers who contribute to the Unified Pension Scheme can access social welfare benefits and support in their old age.
- Portable benefits: The scheme offers portable benefits, which means that workers can carry their pension benefits even if they change jobs or locations.
- Higher returns: The Unified Pension Scheme may offer higher returns on investment compared to traditional savings methods, helping workers build a substantial retirement corpus.
- Tax benefits: Contributions made towards the scheme are eligible for tax benefits, reducing the tax burden on workers.
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8 months ago