The central government employees have now more options to choose from on the pension front, as the Unified Pension Scheme ...

The Unified Pension Scheme is the new retirement scheme effective from April 1, 2025. It is for central government employees.

Old Pension Scheme: In the old pension scheme (OPS), a government employee gets an assured pension, but if they want, they can commute their pension and get a lump sum amount at retirement or a few ...

Consolidating your pensions essentially means merging your different pension pots into one, giving you a combined sum that ...

Under UPS, if you have worked for at least 25 years, you will get 50% of the average basic salary of the last 12 months before retirement as a pension. If your service is more than 10 years, you will ...

Asquith had managed to accumulate enough money through income tax reforms to fund what would become the non-contributory Old Age Pension Scheme for the UK and Ireland. The Old Age Pension Act 1908 ...

The DWP state pension is set to rise in April 2023, but many pensioners will miss out on the triple lock increase ...

Subscribers can change their pension fund manager once in a financial year and investment choice twice in a financial year. This new scheme, which combines aspects of both the Old Pension Scheme ...

You can leave your old pension where it is or you can move the funds into your new employer's workplace pension scheme. A pension can therefore follow you throughout your working life and you can ...

Or if you've moved house, it's possible that some pension schemes no longer have the correct address for you, which could mean you're no longer receiving annual pension statements. Many pension ...

Old Pension Scheme: Many states in India still follow the Old Pension Scheme (OPS). States such as Himachal Pradesh, Rajasthan, Chhattisgarh, and Punjab have recently reintroduced OPS. Central ...