1 minggu yang lalu
The Pension Fund Regulatory and Development Authority (PFRDA) has precocious rolled retired a caller instrumentality called nan Unified Pension Scheme (UPS) Calculator. This instrumentality is aimed astatine assisting cardinal authorities labor successful estimating their pension benefits nether some nan National Pension System (NPS) and nan UPS. The user-friendly UPS Calculator is designed to empower individuals successful making informed decisions erstwhile selecting their pension plan.
Beginning from April 1, 2025, nan Unified Pension Scheme will beryllium applicable to each caller cardinal authorities employees. This strategy is intended to supply a much unchangeable and predictable pension payout compared to nan market-linked NPS. Existing NPS subscribers besides person nan action to move to nan UPS if they truthful desire.
Rajani Tandale, Senior Vice President, Mutual Fund astatine 1 Finance, said: "The UPS calculator is an online instrumentality designed to thief users comparison nan projected status benefits from nan existing National Pension System (NPS) and nan precocious introduced UPS, enabling much informed and assured financial choices for nan future. If you're a cardinal authorities worker navigating nan crossroads of pension choices, this instrumentality is simply a valuable assets to guideline your adjacent step."
Key features of UPS calculator:
> Detailed Benefit Comparison: Users tin input cardinal net and work information - specified arsenic basal pay, dearness allowance (DA), tenure of service, and expected net increments - to make comparative projections for monthly pensions, lump sum payouts, and full status corpus nether some schemes.
> Simple and Accessible Design: The intuitive interface makes it easy for labor to navigate analyzable pension calculations without financial expertise.
> Better Financial Planning: With clear side-by-side visuals of imaginable outcomes, nan calculator helps users align their pension strategy pinch semipermanent financial goals.
Who is eligible?
Open to each citizens only for cardinal govt. labor pinch 25+ years of service
Government labor presently enrolled successful NPS must determine by June 30, 2025, whether to move to UPS. If nary action is made by this date, they will automatically stay nether nan NPS scheme.
Key inputs
To understand really nan Unified Pension System (UPS) calculator works, cardinal authorities labor must first beryllium acquainted pinch a fewer cardinal inputs:
> Retirement age: Enter your planned property of status (superannuation age) to specify nan long of your publication period.
> Monthly Basic Pay: Provide your existent basal pay, which forms nan ground for calculating publication levels.
> Existing NPS Tier 1 corpus: If you're already enrolled successful nan National Pension System (NPS), input your existent Tier 1 corpus to see your accumulated savings.
> Monthly contribution: Mention really overmuch you intend to lend each period toward your pension until retirement.
Once these specifications are entered, nan calculator provides 3 cardinal projections:
> Projected status corpus: The estimated full savings accumulated by nan clip you retire.
> Monthly pension: An approximate pension amount, calculated utilizing annuity assumptions nether UPS aliases NPS rules.
> Lump sum amount: The information of nan corpus that tin beryllium withdrawn astatine retirement, which whitethorn disagree depending connected nan pension strategy chosen.
How to usage nan UPS calculator
1. Go to nan Official Site: The calculator is disposable done nan NPS Trust’s website.
2. Enter Your Data: Provide specifications for illustration day of birth, joining date, status age, salary scale, existent NPS balance, expected maturation rates, and life expectancy.
3. View nan Results: Instantly spot a elaborate comparison of pension outcomes nether some schemes, helping you make a data-backed decision.
| Type of Pension | Market-driven, adaptable returns | Guaranteed pension: 50% of mean basal salary + DA complete nan past 12 months |
| Employee Contribution | 10% of basal salary + DA | 10% of basal salary + DA |
| Government Share | 14% of basal salary + DA | 18.5% (10% to individual, 8.5% to pooled corpus) |
| Investment Flexibility | High: equity, debt, aliases lifecycle money choices | Limited: mostly authorities securities aliases lifecycle options |
| Minimum Pension | No assured minimum | Rs 10,000/month (based connected eligibility) |
| Who is Eligible? | Open to each citizens | Only for nan cardinal govt. labor pinch 25+ years of service |
Points to Consider
· Market Exposure vs. Safety: NPS whitethorn entreaty to those who are comfortable pinch finance risks successful speech for higher imaginable returns.
· Guaranteed Income Preference: UPS is much suitable for those prioritizing predictable post-retirement income.
· Eligibility Criteria: Only those pinch 25 aliases much years of authorities work suffice for UPS, making semipermanent tenure an important factor.
If you're a cardinal authorities worker navigatin
English (US) · 
Indonesian (ID) ·