UPS a new scheme, not rollback as claimed by Congress: FM
Sitharaman said: “It is not a rollback... it is different from OPS (Old Pension Scheme) and NPS (National Pension System). It is clearly a new package."
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New Delhi: Accusing Congress of spreading misinformation, Finance Minister Nirmala Sitharaman on Tuesday said the newly launched UPS is a new pension scheme and not a rollback. "It is not a rollback... it is different from OPS (Old Pension Scheme) and NPS (National Pension System). It is clearly a new package," she said, adding, the Unified Pension Scheme (UPS) is better and will satisfy most government employees. UPS is tailored in such a fashion that every calculation fits and even the government is not burdened too much, she said. She expressed hope that most of the states would adopt UPS "as it has a lot of benefits for employees".
