The National Pension System (NPS) and the Unified Pension Scheme (UPS) provide distinct benefits for Central Government employees in India, especially in cases of unforeseen events like death or disablement during service. To help employees and their families understand these provisions, we will analyze two real-world case studies based on the latest Office Memoranda (OMs): DoPPW OM dated October 26, 2022 (CCS NPS Rules, 2021) for NPS Finance Ministry Notification dated January 24, 2025 (UPS effective from April 1, 2025) These case studies will clarify benefits, eligibility criteria, and potential financial outcomes under both schemes. Case Study 1: NPS – Death of an Employee in Service Employee Profile Name: Rajesh Kumar Age: 42 Service Duration: 15 years (Joined on January 1, 2010) Basic Pay: ₹80,000/month (including Dearness Allowance) NPS Contribution: 10% (₹8,000/month) by Rajesh, 14% (₹11,200/month) by the government Accumulated Corpus: ₹45 lakh (by April 2025) Family: W...
Collection of Views, Essays and Aticles about Society, Development, and concurrent topics.