The UPS Pension Scheme Retirement ensures government employees a guaranteed pension, inflation protection, family benefits, and a lumpsum retirement payment, here are some things to know.
1
The UPS Pension Scheme will receive a guaranteed pension equivalent to 50% of their average basic pay during the last 12 months before retirement.
2
The UPS Pension Scheme ensures a minimum pension of ₹10,000 per month for employees who retire with at least 10 years of service.
3
The UPS Pension Scheme guarantees that the retiree's immediate family will receive 60% of the last drawn pension.
4
The UPS Pension Scheme includes a provision for dearness relief to account for inflation, ensuring that pension amounts, including family pension.
5
In addition to gratuity, UPS Pension Scheme provides for a lump sum payment at the time of retirement.