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freelance writing for personal finance blogs ✌️【365vc.net】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!
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freelance writing for personal finance blogs ✌️【365vc.net】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding! In contrast to the Old Pension Scheme (OPS), which did not require employee contributions, the UPS involves employee contributions.
Employees will contribute 10% of their basic pay plus dearness allowance.
The government’s contribution will also increase from 14% to 18.5%.
Of this 18.5% contribution, 8.5% will be allocated to a separate Guarantee Reserve Fund, designed to cover any potential shortfalls in commitments.
In NPS, the government contribution is 14% of pay.freelance writing for personal finance blogs Manage Your Wealth, Achieve High Returns