Old Pension Scheme
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Old and New Pension Scheme
In News: The RBI has advised States against reversion to old pension system (OPS), citing financial risks. Old and New Pension Scheme Background The OPS was discontinued by the Union government in 2003 and introduced the National Pension System (NPS) from...
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Published On January 21st, 2023 -
Old Pension Scheme (OPS)
About Old Pension Scheme News In the Old Pension Scheme, upon retirement, employees receive 50 percent of their last drawn basic pay plus dearness allowance or their average earnings in the last ten months of service, whichever is more advantageous...
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Last updated on December 15th, 2022 12:06 pm -
Old Pension Scheme
About Old Pension Scheme (OPS) Assured income after retirement: In the OPS, upon retirement, employees receive 50 percent of their last drawn basic pay plus dearness allowance or their average earnings in the last ten months of service, whichever is...
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Published On November 3rd, 2022
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