In a major policy shift affecting thousands of state government employees, Assam Chief Minister Himanta Biswa Sarma on October 6 announced that the state government has formally adopted the Unified Pension Scheme (UPS) — a modified version of the National Pension System (NPS) recently introduced by the Government of India.
Speaking to reporters, Sarma explained that UPS aims to strike a balance between the existing NPS and the Old Pension Scheme (OPS), bringing substantial benefits to employees.
“The Government of India has adopted the UPS scheme, which is a modified version of the NPS. In NPS, the government’s contribution was 10%, but under UPS, it will increase to 18.5%,” the Chief Minister said.
He added that the Assam government has decided to extend the same benefits to its state