What is NPS Archives - https://fastnewsglobe.com/tag/what-is-nps/ Mon, 01 Jun 2026 23:14:31 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.1 https://fastnewsglobe.com/wp-content/uploads/2025/03/fastnewsglobe-150x150.png What is NPS Archives - https://fastnewsglobe.com/tag/what-is-nps/ 32 32 8th Pay Commission: Rules of retirement benefits may change, know the latest updates on OPS-NPS and UPS https://fastnewsglobe.com/8th-pay-commission-rules-of-retirement-benefits-may-change-know-the-latest-updates-on-ops-nps-and-ups/ https://fastnewsglobe.com/8th-pay-commission-rules-of-retirement-benefits-may-change-know-the-latest-updates-on-ops-nps-and-ups/#respond Mon, 01 Jun 2026 23:14:31 +0000 https://fastnewsglobe.com/8th-pay-commission-rules-of-retirement-benefits-may-change-know-the-latest-updates-on-ops-nps-and-ups/ 8th Pay Commission: Ever since the formation of the 8th Pay Commission, there has been...

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8th Pay Commission: Ever since the formation of the 8th Pay Commission, there has been a lot of discussion about it. This time, not only fitment factor and DA are being discussed in the 8th Pay Commission, but the pension scheme of retired central employees is also being considered. Its objective is to ensure that employees can have a better and respectable life after retirement.

proposal to increase pension
Employee organizations have suggested that the full pension received after retirement should be made 67% of the final salary instead of the current 50%. He says that this will provide financial security to retired employees and their families. Citing the recommendation of a parliamentary committee, it has also been proposed that the pension should be increased every 5 years after the age of 65 years.

Also read: TCS vs Infosys: TCS is the largest IT company in the country, but why is the salary of Infosys CEO Salil Parekh 3 times more?

The pension structure should be like this
Every employee dreams of a respectable and good life after retirement. For this, a proposal has been made to change the pension structure in the 8th Pay Commission. The new pension structure is to be decided accordingly.

Age Proposed Percentage of Final Salary
65 70%
70 75%
75 80%
80 85%
85 90%
90 100%

Through this new structure, now at the age of 90 years, an employee can get a pension equal to his last salary.

Also read: Richest Chief Minister: DK Shivkumar will be the richest CM of the country, on top with assets worth Rs 1413 crore.

Option to choose between OPS, NPS and UPS?
According to Live Mint reports, employee organizations have also raised the demand that employees should be given the freedom to choose the pension plan as per their needs. There are three options for this:

  • OPS (Old Pension Scheme)
  • NPS (National Pension Scheme)
  • UNS (Unified Pension Scheme)

OPS (Old Pension Scheme)
This is an old pension scheme, in which pension is definitely given after retirement. In this, pension is decided on the basis of last salary and DA, the entire expense of which is borne by the government. For this the employee does not have to make any separate contribution.

NPS (National Pension System)
Both employees and government contribute in this scheme. The amount received after retirement depends on the accumulated funds and market performance. There is no guarantee of fixed pension in this pension scheme.

UPS (Unified Pension Scheme)
This pension scheme is a mixed model of OPS and NPS. There is contribution in this and provision for fixed pension has also been made. Many employee organizations believe that the pension received after retirement should not depend on the ups and downs of the stock market.

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Inflation is increasing and the stability of the job is decreasing, in such a situation, the preparation for retirement is no longer a luxury, it has become a need. Two popular options in India are helping people in this direction, National Pension System (NPS) and Voluntary Provident Fund (VPF). Both schemes promise to provide financial security after retirement, but there is a big difference in their working methods, returns, tax benefits and risk.

what is NPS?

National Pension System i.e. NPS is a government, market-linked investment scheme, which is open to all Indian citizens aged 18 to 70 years, whether you are salad or self-prom. In this, you can divide investment into shares, government bonds, corporate bonds or other options as per your choice.

This scheme gives the investor the freedom to choose the fund manager and asset allocation of his choice. If you are young and are investing for a long period, then you can get better returns by investing in equity up to 75 percent through active choice. Its average annual return is considered from 8 per cent to 12 per cent.

what is VPF?

VPF is an extension of the Voluntary Provident Fund, EPF (Employees’ Provident Fund). It is only available for those salary people who are already registered in EPF. In this, the employee can contribute up to 100 % of his basic salary and dearness allowance.

VPF returns are fixed, which is about 8 percent to 8.5 percent annually and it is a fully government guarantee scheme. Its money is managed by EPFO ​​(Employees & rsquo; Provident Fund Organization), which makes the risk zero.

Benefits of tax and withdrawal

Both NPS and VPF get tax exemption, but NPS gets an additional 50 thousand rupees under Section 80CCD (1B). At the same time, if you invest in VPF for 5 consecutive years, then interest and maturity amount gets tax-free.

VPF is more flexible in terms of withdrawal, you can withdraw money if needed after 5 years. On the other hand, NPS remains lock till the age of 60 years and it is necessary to take annuity (monthly pension) on maturity.

what is better for whom?

NPS: If you do your own business or want more returns for long periods even while in a job, then NPS is a better option. Along with tax planning, it also gives retirement security.

VPF: If you want to avoid risk and like a stable, government guarantee return, then VPF will be right for you.

Some people can also take advantage of both schemes, stability from VPF and growth from NPS.

Explain in easy language, if you are young and want to invest for long periods, then NPS can be better for you. But if you do not want to take much risk and give priority to safety, then you can choose VPF.

Read also: Jio Blackrock Mutual Fund launched website, as soon as the team was formed, the shares ran above the speed of the rocket

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