%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(50).png "On 24 August 2024, Union Cabinet approved the Unified Pension Scheme for government employees")
- This scheme is set to take effect from April 1, 2025, and aims to provide enhanced financial security for government employees.
- Here are some key points about the scheme:
- Guaranteed Pension: Employees with at least 25 years of service will receive a pension equal to 50% of their average basic pay from the last 12 months before retirement.
- Family Pension: In case of an employee’s death, their spouse will receive a family pension amounting to 60% of the employee’s pension.
- Minimum Pension: The scheme ensures a minimum pension of ₹10,000 per month for retired employees with at least 10 years of service.
- This move is expected to benefit around 23 lakh central government employees.
Question:
1 Under the UPS, in the event of a central government employee’s death, what percentage of the employee’s pension will their spouse receive as a family pension?
- A) 60%
- B) 50%
- C) 55%
- D) 70%
