The Union government, led by PM Modi, rolled out the Unified Pension Scheme on August 25. The Unified Pension Scheme or UPS, assures government employees of 50 per cent of their last drawn cheque as a lifetime monthly benefit. This marks the return of 'Assured Pension to government employees.
Why No UPS For the Private Sector? We are proud of the hard work of all government employees who contribute significantly to national progress. The Unified Pension Scheme ensures dignity and financial security for government employees, aligning with our commitment to their well-being and a secure future..
.. The move has been welcomed by many.
But one netizen, operating from an anonymous account, added another layer to the tranche of discussion. The X User took to the platform and expressed thoughts on the scheme, saying, "I'm all fine with Unified Pension Scheme but only problem is why there is no such scheme for private sector employees?" I'm all fine with Unified Pension Scheme but only problem is why there is no such scheme for private sector employees? Recession and layoffs are frequent, you may be paying lakhs in income tax today but can be jobless next day. Neither your company nor Govt will take care of.
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twitter.com/z1dTP8IDTu The X user cited the larger instability in the job market and the myriad variables of uncertainty that affect the workforce, which is a part of the private sector. The user further added, "Recession and layoffs are frequent, you may be paying lakhs in .