Rs 25,000-1 lakh starting salary? Calculating UPS pension and NPS retirement corpus

Granted, NPS and UPS are both government-sponsored pension schemes, they are both available to government employees and they both share two-thirds of their acronym. Yet, they are both inherently different. NPS (National Pension Scheme) invests a portion of the money in the equity market, while UPS (Unified Pension Scheme) is a guaranteed fixed-income plan. Under UPS, if you've served for 25 years or more, you're guaranteed a pension worth 50 per cent of your average basic pay during the last 12 months before retirement. Those with at least 10 years of service will receive a proportionate payout. There are also inflation-adjusting features. In short, UPS guarantees stability. But it does have its limitations. For starters,

This article was originally published on September 11, 2024.