Archive · 14 Aug 2025

Finance Ministry Rejects OPS Restoration, Clarifies UPS

Finance Ministry Rejects OPS Restoration, Clarifies UPS

Government workers have been asking if they can go back to the old pension plan (OPS), where they get half their last salary.

The government said no because it's expensive.

Instead, there's a new plan (NPS) where they both put money in, and the amount depends on the market.

The government also made a new plan (UPS) that tries to be like the old one and guarantees a fixed pension, but not many people have signed up.

The government is giving people more time to decide.

Sources