#DAILY_PRACTICE #WAT_SET

1. Harmony
2. Vivid
3. Echo
4. Resolve
5. Whimsical
6. Cascade
7. Threshold
8. Fragment
9. Glimpse
10. Tension

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#TAT_SET 834

Try not to make generic stories

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Be honest with your preparation and attempt this image and write a desirable story.

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#DAILY_PRACTICE #SRT_SET

1. He saw that a fighter plane caught fire and fell down. He__

2. He was studing a book and saw that his brother tear the page of that book. He___

3. Next day he has his examination but suddenly guest came and told him to go with them. He___

4. His father was returning from train, he has gone to recieve him but suddenly he heard the explosion. He___

5. While enjoying the fair he found a girl lost her parents. It's going to get dark. He___

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#Important_notes_ssb_Lecturette

Unified Pension Scheme✅

The Union Cabinet approved the Unified Pension Scheme (UPS), which will provide government employees with assured pension after retirement.

Key Points:-

1. The scheme will be effective from 1st April, 2025 with central government employees shifting to UPS from the current National Pension System (NPS).
2. State governments will also have the option to adopt the Unified Pension Scheme.

Provisions ✔️

1. Assured Pension: This would amount to 50% of the employee’s average basic pay drawn over the last 12 months before retirement for a minimum qualifying service of 25 years.
The amount would proportionately go down for a smaller service period, up to a minimum of 10 years of service.

2. Assured Minimum Pension: In the case of retirement after a minimum 10 years of service, the UPS provides an assured minimum pension of Rs 10,000 per month.

3. Assured Family Pension: Upon a retiree’s death, their immediate family would be eligible for 60% of the pension last drawn by the retiree.

4. Inflation Indexation: Dearness relief will be available on the above mentioned three kinds of pensions.

5. Choice for Employees: The employees can still opt to remain under the NPS. However, an employee can only opt for once. once opted, the option cannot be changed.

Key Differences between UPS, Old Pension Scheme (OPS) and National Pension Scheme (NPS) ✔️

1. Pension Calculation Method: In OPS, pension was fixed at 50% of the last base salary plus dearness allowance (DA).

2. Employee Contribution: In OPS, no employee contribution was required. Whereas, in UPS, the employee contribution amount is 10% of the basic pay, and the DA and the government will also contribute 18.5%.

3. Tax Benefits: Central government employees are eligible for tax benefits for the government's contribution to the NPS scheme. They can deduct 14% under the Income Tax Act, 1961 from both the old and new taxation regimes.

4. Higher Minimum Pension: Under the UPS scheme, the minimum pension offered per month is Rs 10,000 at the time of retirement after a 10 year minimum service.

5. Lump sum Payments: OPS allowed commutation of up to 40% of the pension into a lump sum payment, reducing the monthly pension amount. Whereas, UPS provides a lump sum payment at retirement calculated as one-tenth of the monthly salary plus DA for every six months of service, without affecting the pension amount.

Are there any Fiscal Implications of UPS? ✔️

1. Large Debt-to-GDP Ratio: The Unified Pension Scheme (UPS) will have significant fiscal impacts on a government with high debt and a large debt-to-GDP ratio.

2. High Fiscal Burden: A Reserve Bank of India study (September 2023) warned that if all states switched to OPS, the fiscal burden could be up to 4.5 times that of the National Pension System (NPS), potentially reaching 0.9% of GDP annually by 2060.

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#DAILY_PRACTICE
#TAT_SET 835

Try not to make generic stories

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Try to write within the prescribed time i.e. 4 minutes.
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#DAILY_PRACTICE #WAT_SET

1. Gun
2. Commander
3. Defeat
4. Love
5. War
6. Patriotism
7. Award
8. Afraid
9. Confidence
10. Bullet

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#DAILY_PRACTICE #WAT_SET

1. Create
2. Impossible
3. Education
4. Sister
5. Determine
6. Trust
7. Lie
8. Accident
9. Neighbour
10. Mission

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#DAILY_PRACTICE
#TAT_SET 836

Try not to make generic stories

Important PPDT image for all Entries.
Try to write within the prescribed time i.e. 4 minutes.
Be honest with your preparation and attempt this image and write a desirable story.

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#DAILY_PRACTICE #WAT_SET

1. Father
2. Bad
3. Girl
4. Awake
5. Vulgar
6. Nurse
7. Leader
8. Terrorist
9. Alert
10. Beat

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#DAILY_PRACTICE
#TAT_SET 837

Try not to make generic stories

Important PPDT image for all Entries.
Try to write within the prescribed time i.e. 4 minutes.
Be honest with your preparation and attempt this image and write a desirable story.

(For better practice,Write the story on A4 paper within the prescribed time.)

Healthy and constructive reviews are welcome.

For more @ssbgeneraldiscussion