Central Govt. Employees Face Pension Scheme Deadline

The Indian government is giving its workers a choice between two pension plans.

They can stick with the old plan called NPS or switch to a new plan called UPS.

The government has set a deadline of September 30 to make this choice.

The decision must be made before retirement.

Employees can only switch back to the NPS once.

The government clarified tax rules to make things easier.

Both the government and employees can save money on taxes with UPS.

The tax laws changed to give UPS and NPS equal treatment.