Unified Pension Scheme may be replicated to other stakeholders of NPS: DFS Secy

Financial Services Secretary M Nagaraju hopes the Unified Pension Scheme (UPS), ensuring 50% of the average basic pay drawn over the last 12 months, will be replicated for other stakeholders under the New Pension System (NPS). This scheme, recently introduced for central government employees, aims to enhance pension coverage and address fiscal sustainability.