00:00The Unified Pension Scheme has been approved by the Central Government and a new scheme has been launched for the government employees.
00:10This is a pension scheme for all government employees. UPS employees will get full pension for 25 years.
00:20This is big news. We are telling you big information. Let us tell you big things about it.
00:32After this consultation and the Joint Consultative Mechanism of Central Government Employees, JCM,
00:42we had multiple meetings with them. We saw schemes and systems in many countries around the world.
00:52We consulted with Reserve Bank of India and World Bank to understand the budget of the Central Government.
01:02After this consultation, this committee came up with a Unified Pension Scheme.
01:12The Union Cabinet has approved the Unified Pension Scheme under the leadership of PM Narendra Modi.
01:22The Unified Pension Scheme will be implemented in the near future.
01:32There are five pillars of this scheme. The most important thing was that we need an assured amount.
01:42This was a very logical and necessary requirement.
01:52This was a very logical and necessary requirement.
02:02This was a very logical and necessary requirement.
02:12Assured Pension is the first pillar of UPS.
02:22Assured Pension is the first pillar of UPS.
02:32Assured Pension will be the average of basic pay of 12 months before superannuation.
02:42Assured Pension will be the average of basic pay of 12 months before superannuation.
02:52Qualifying service will last for 25 years.
03:02If someone has served for 25 years, he will get full pension.
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