The Headlines – UPS vs NPS: Only 1 lakh of 23L govt employees switch to Unified Pension Scheme; request deadline extension

The government is considering extending the September 30 deadline for switching to the Unified Pension Scheme (UPS) as only 1 lakh out of 23 lakh employees have opted. Employee associations are seeking a two-month extension, citing communication gaps and difficulties in understanding the new rules, despite recent incentives to make the UPS more attractive.

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