The Indian government has approved the Unified Pension Scheme (UPS), launching in April 2025, to simplify pension systems and improve accessibility. It offers a unified platform, better transparency, Aadhaar integration, and efficient grievance redressal. Older pension structures will be phased out with a transition plan, awareness campaigns, and mechanisms to address discrepancies. Enrollment involves registering on the portal, submitting documents, and selecting a contribution plan. UPS aims to enhance retirement planning and ensure financial security. By streamlining pensions, it promises uninterrupted disbursements and standardized benefits, making retirement planning easier and more efficient for citizens across India.
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