New Delhi, July 4 -- The Finance Ministry has announced that the Unified Pension Scheme (UPS) will now receive all tax benefits available under the National Pension System (NPS).

The significant decision aims to make UPS a more attractive option for central government employees, reported ANI.

The UPS was introduced earlier this year as an option under NPS for new central government civil services recruits starting April 1, 2025.

The scheme is designed to provide a more predictable and secure retirement income for government employees, offering assured pension.

This pension scheme for central government employees in India was introduced as an option alongside the National Pension System (NPS).

Under the UPS, the government contributes...