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Maharashtra gazetted employees' union unhappy with Unified Pension Scheme
Credit: IndiaTimes- Published on August 28, 2024
Three days after the Maharashtra state cabinet approved the Centre’s Unified Pension Scheme (UPS), the Maharashtra State Gazetted Employees Federation (MSGEF) expressed dissatisfaction. The MSGEF prefers the revised pension scheme by the Subodh Kumar committee over the UPS. They also demand the return of the 10% employee...
Video credit: Oneindia
Published on August 30, 2024 - 04:01
Unified Pension Scheme: A Balanced Approach to Economic Stability| Oneindia
The Modi government has introduced the Unified Pension Scheme (UPS), designed to secure the financial future of government employees while maintaining economic stability. Unlike the Old Pension Scheme (OPS), which risked bankrupting state governments, the UPS offers a sustainable solution that balances pension security with fiscal responsibility. By incorporating contributions from both the government and employees, the UPS ensures a robust pension system without compromising essential services. This scheme reflects the government’s broader strategy of financial inclusivity and stability.
#UnifiedPensionScheme #EconomicStability #PensionReform #ModiGovernment