Current Affairs · Government Schemes
Consider the following statements regarding the Unified Pension Scheme (UPS): I. The Unified Pension Scheme operates as an option within the National Pension System (NPS) for eligible Central Government employees. II. In the event of death after retirement, family payout is linked to the assured payout under the scheme design. III. The employee contribution to the individual corpus under the scheme is 10 per cent of monthly emoluments, while the Government also contributes under the prescribed structure. IV. A subscriber who has opted for the Unified Pension Scheme may move back and forth between UPS and NPS any number of times before retirement. Which of the statements given above are correct?
- 1I, II, III and IV
- 2II and III only
- 3I and IV only
- 4I, II and III only✓
Correct answer
I, II and III only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Current Affairs?
Practice full-length Current Affairs mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Government Schemes?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Government Schemes