NPS-APY-EPS: The central government is running many schemes for pension of people working in the private sector. It is very important to have a fixed source of income after retirement. In such a situation, pay attention to those schemes of the Center which provide pension after retirement.
NPS-APY-EPS : Government employees definitely get pension after retirement, but do you know that there are many such schemes of the government, which can provide a lot of benefits to those in private jobs after retirement? Private sector employees have many options available in which they will continue to receive pension after retirement.
The central government is running many schemes for pension of people working in the private sector. It is very important to have a fixed source of income after retirement. In such a situation, pay attention to those schemes of the Center which provide pension after retirement.
Employees’ Pension Scheme (EPS)
Part of the government-backed Employees’ Provident Fund (EPF), the Employees’ Pension Scheme is a better option for private sector employees. It gives pension to all EPF members after retirement.
National Pension System (NPS)
The National Pension System is a voluntary, long-term retirement savings scheme that private sector employees can join to build a strong retirement corpus. Good interest is available in this scheme.
Atal Pension Yojana (APY)
This is another government supported pension scheme. Atal Pension Yojana aims to help low-income individuals by providing them financial security. Subscribers can contribute to the scheme as per their income and needs.
This scheme has been started by the government especially to give pension to the workers in the unorganized sector after the age of 60 years. A person participating in this scheme can easily get a pension of Rs 1000, Rs 2000, Rs 4000 or Rs 5000.
