Ops: UPS vs NPS vs

UPS vs NPS vs OPS : When discussing retirement planning and pension schemes in India, three popular options often come up: UPS (Unit-linked Pension Scheme), NPS (National Pension System), and OPS (Old Pension Scheme). After the criticism for removing the OPS , the government has planned to introduce UPS, effective from April 01, 2025. Each of these schemes has its unique features, benefits, and drawbacks. Understanding the differences between UPS, NPS, and OPS is crucial for making an informed ... The Narendra Modi-led government has combined the best features of both the Old Pension Scheme and New Pension Scheme to roll out the Unified Pension Scheme In 2004, the National Pension System (NPS) replaced OPS for government employees. It was extended in 2009 to cover private-sector employees, self-employed individuals, and NRIs. India offers different pension schemes for government employees and citizens to ensure financial security in their post-retirement years. The main pension schemes are the Unified Pension Scheme (UPS), National Pension System (NPS), and the Old Pension Scheme ( OPS ).