What is the significance of the Unified Pension scheme option for government staff covered by NPS

What impact will the Centre's notification of the Unified Pension scheme have on government staff under NPS?
- **Bringing parity:** The Unified Pension scheme option aims to provide parity between government employees covered by the National Pension System (NPS) and those covered by the Central Civil Services (Pension) Rules. - **Financial security:** The notification of the Unified Pension scheme by the Centre is expected to enhance the financial security of government staff under NPS by ensuring regular pension benefits. - **Attraction for new recruits:** This move may make the Central government jobs more attractive for new recruits as it offers the benefit of a unified pension scheme similar to the one under the Central Civil Services (Pension) Rules. - **Employee welfare:** It reflects the government's commitment to enhancing employee welfare and addressing concerns related to pension benefits for those covered under NPS.
Answered 3 months ago
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