NPS News: Modi government can give a big gift to government employees through the budget. According to the report, the government is going to make a big change in NPS. 50 percent of the last salary can be given to government employees as regular pension.
Budget expectations: Finance Minister Nirmala Sitharaman will present the first full budget of the third term of the Modi government on July 23. Government employees have high expectations from this budget. According to the report, the Modi government can give a big gift to government employees through the budget (Budget 2024).
There will be a big reform in NPS!
According to the report, the government is going to make a big reform in NPS. Fixed pension can be announced by the government in the budget. According to reports, the government can give 50 percent of the last salary as pension to the government employees who subscribe to NPS. If such an announcement is made, then government employees will get a big relief. Let us tell you, a large section of government employees is constantly demanding old pension or reform in NPS.
NPS can be available in 25 to 30 years
Till now, government employees appointed after 2004 have to subscribe to NPS. In such a situation, if any government employee contributes to NPS for 25 to 30 years, then he can get high returns. Let us tell you, currently in NPS, government employees contribute 10 percent of their basic salary and 14 percent of the basic salary is contributed by the government.
What is NPS Scheme? (NPS Scheme Details)
NPS is a government scheme. Under this scheme, employees have to make regular contributions. At the time of maturity, employees will be able to withdraw 60 percent of the entire fund. At the same time, 40 percent will have to be purchased as a pension fund. Due to which employees will continue to get regular pension.
OPS has an old demand
The demand for old pension is quite old among government employees. In the old pension scheme, government employees get fixed pension from the government. Along with this, DA and DR can be received from the government.
