Good Evening
A new option UPS
To be honest the assumptions are never the reality.Remember the early days of NPS.Government going ga-ga over the pros of NPS.NPS was the sophisticated version of LIC Market Plus Pension Plan.With each passing year the disenchantment of the NPS was increasing and it found its manifestation in protests across the length and breadth of the country.
Ironically, the champions (the political class) of NPS and newly introduced UPS still finds comfort in OPS.A few exceptions like Sh.Varun Gandhi will always be there who expressed solidarity with the demands of the government employees.
It is still early days for UPS.I don't know what is in-store for the employees who retires in 2045-50.
One thing is for sure we can't beat the inflation by forcing the fund managers to invest heavily in govt securities and corporate debt.
Anand Kumar
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