UPS vs NPS Pension Calculator
| Parameter | NPS | UPS |
|---|---|---|
| Enter your details to calculate pension | ||
Frequently Asked Questions
What is the National Pension System (NPS)?
NPS is a voluntary, defined contribution retirement savings scheme designed to enable subscribers to make optimum decisions regarding their future through systematic savings.
What is the Unified Pension Scheme (UPS)?
UPS is a pension scheme for government employees, offering a guaranteed pension based on the last drawn salary, typically 50% of basic pay plus DA.
How accurate is this calculator?
The calculator provides estimates based on assumed salary hikes (3%), DA increases (5%), and pay commission hikes (15% every 10 years). Actual pensions may vary due to promotions or policy changes.
Can I withdraw my NPS corpus early?
Yes, NPS allows partial withdrawals after 3 years for specific purposes (e.g., medical expenses) and full withdrawal at 60, with 40% mandatorily used for an annuity.
Who is eligible for UPS?
UPS is available to government employees who joined service before the introduction of NPS, offering a fixed pension based on service years and final salary.