New Delhi, Oct. 25 -- In a significant move aimed at enhancing retirement planning flexibility for Central Government employees, the Centre has approved the extension of the Life Cycle 75 (LC75) and Balanced Life Cycle (BLC) investment options under both the National Pension System (NPS) and the Unified Pension Scheme (UPS), the finance ministry said in a release today.
This decision responds to growing demand from Central Government employees seeking a wider array of investment choices comparable to those available to non-government subscribers.
The inclusion of LC75 and BLC options is expected to provide employees with greater control over their retirement corpus, enabling personalized management aligned with individual risk tolerance a...