Should You Switch from NPS to UPS? | Know All About Unified Pension Scheme (UPS) | OPS Vs NPS Vs UPS

In this video, we'll explore the newly launched Unified Pension Scheme (UPS) and compare it to the Old Pension Scheme (OPS) and National Pension System (NPS). The UPS, set to take effect from April 1, 2025, combines elements of both OPS and NPS. We'll break down each scheme to understand their features, benefits, and drawbacks.

The Old Pension Scheme, discontinued in 2004, was unfunded and unsustainable due to rising liabilities. NPS, introduced in 2004, addressed these issues with a contributory model and market-linked returns, but it comes with its own risks due to investment uncertainties.

The new UPS aims to provide a balanced approach, combining the security of OPS with the flexibility of NPS. Should you switch from NPS to UPS? It depends on whether you prioritize guaranteed income and stability or are willing to take on market risk for potentially higher returns. We’ll discuss all of this and more, so stay tuned!

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