UPS

Unified Pension Scheme: Smart compromise or slippery slope back to fiscal irresponsibility?

21 Sep 2024

The present regime’s introduction of the Unified Pension Scheme (UPS) in August 2024 has generated a mix of praise and criticism. As a hybrid between the Old Pension Scheme (OPS) and the New Pension Scheme (NPS), the UPS attempts to balance the demands for guaranteed pensions while addressing the fiscal...

AAP MP Sanjay Singh Slams Centre’s UPS as ‘Worse than NPS’

25 Aug 2024

Aam Aadmi Party (AAP) MP Sanjay Singh sharply criticized the recently introduced Unified Pension Scheme (UPS), describing it as even worse than the existing National Pension System (NPS). Singh demanded the reinstatement of the Old Pension Scheme (OPS), arguing that the new scheme is a "betrayal" of central government employees....