​Revised National Pension Scheme (NPS)

  • Recently, the Maharashtra Cabinet approved the implementation of a revised National Pension Scheme (NPS) for state government employees on the lines of the Centre’s Unified Pension Scheme (UPS).
  • It will be implemented from March 1, 2024. There are 13.45 lakh state government employees and also from local self-government.
  • Of the 13.45 lakh employees, 8.27 lakh employees are presently covered under the National Pension Scheme.
  • As per the revised pension scheme, the employees will get a pension equal to 50 percent of their last salary plus dearness allowance and 60 percent of the family ....
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