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OPS NPS UPS Comparison

Ops NPS Comparison helps to decrease confusion

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Kumar Raj Palaparthi
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798 views2 pages

OPS NPS UPS Comparison

Ops NPS Comparison helps to decrease confusion

Uploaded by

Kumar Raj Palaparthi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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OPS NPS UPS

Pension 50% + DA The pension amount is not fixed 50% + DA


since it is paid based on the
return on investments made in
market-linked instruments
managed by professional fund
managers.

Contribution No Yes (10% of Basic + DA) Yes (10% of Basic + DA)


of Employee
for Pension
Gratuity Yes Yes Yes
Withdrawal Whole amount of GPF Employees can withdraw 60% of Not mentioned
of the corpus upon retirement,
Commuted which is tax-free and 40%
Corpus invested in annuities for getting a
pension
GPF Yes No No
Inflation Pension increases with the revision No Pension increases with the
Indexation of DA twice a year. revision of DA twice a year.
Contributed Can withdraw once in year No No
Money
Lump Sum No No 1/10th of monthly
Payment emoluments (basic + DA) as
on the date of
superannuation for every
completed 6 months service
VRS Eligible for pension on the Date of Employee will get only 20% of May eligible for pension only
VRS Commuted Corpus and rest 80% after as on date of actual
will be invested in annuities for retirement
getting a pension
Minimum 9000/- + DA No 10000 /- + DA after
Pension superannuation minimum 10
years of service (it is not
mentioned about the
minimum pension in case of
Death before 10 months
Family 60 % of Basic or 30% of family OPS to family till date of 60 years’ 30% of family pension
pension in pension service of deceased employee
case of Death i.e. 50 % of basic
during After this, 30% of family pension
service

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