Which of the following statements is/are correct about the Unified Pension Scheme (UPS) notified by the Ministry of Finance (MoF)?
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The UPS will be effective from April 1, 2025, and will be available for central government employees covered under the National Pension System (NPS).
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The Pension Fund Regulatory and Development Authority (PFRDA) will regulate the UPS and provide operational guidelines.
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The central government’s contribution to the UPS is set at 14%, the same as the contribution under NPS.
Which of the above statements is/are correct?
1
Only 1 and 2
2
Only 2 and 3
3
Only 1 and 3
4
Only 2
5
Only 3