Current Affairs - National - Discussion

The Unified Pension Scheme (UPS) introduced by the Indian government ensures a pension equivalent to 50% of basic pay plus dearness relief tied to the inflation index. This scheme combines features of both the Old Pension Scheme (OPS) and the new pension scheme, addressing demands for a secure retirement plan. The decision was made to satisfy central government employees, ensuring financial security post-retirement while also offering additional benefits such as a lump sum amount on retirement.