Unified Pension Scheme approved: Details of key features and benefits

Unified Pension Scheme: Prime Minister Narendra Modi's Cabinet approved the Unified Pension Scheme for 23 lakh government employees, guaranteeing assured pensions, family pensions, and a minimum pension. This reform answers demands to revise the New Pension Scheme, ensuring financial security after retirement. The plan also covers inflation indexation, dearness relief, and a lump sum payment on retirement.