The Indian Finance Ministry has recently announced the implementation of the Unified Pension Scheme for Central Government employees. This new system aims to simplify the pension process for those working with the central government. The scheme is designed to replace the existing pension structure with a more uniform and modern one, ensuring that employees receive consistent and reliable retirement benefits.
Under this scheme, all central government employees joining after notification will have a more transparent and easy-to-manage pension system. It also aims to provide these employees a better financial future after retirement.
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