NPS stands for National Pension System, the pension scheme for central government employees who joined service on or after 1 January 2004. A fixed percentage of the employee’s basic pay plus DA is contributed every month, with a matching contribution ...
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Central government employees recruited from 2004 onwards are covered under the National Pension System (NPS), a contributory scheme where both the employee and the government contribute. It replaced the old defined-benefit pension for new recruits. A Unified Pension Scheme (UPS) ...