What are the new features of the Unified Pension scheme UPS?

September 03 Government servants have now access to different types of pension schemes. Before it was Old pension scheme or OPS. Since 2004, it was replaced by New Pension scheme or the NPS. Now from April 2025 an unified Pension scheme UPS has been introduced.    The OPS was a defined benefit scheme solely for government employees where employees were promised a guaranteed pension based on 50% of your last drawn basic salary, with no employee contributions required. The government fully funded this pension and adjusted it for...