Unified Pension Scheme
*Unified Pension Scheme: A New Era for Retirement Benefits* The Unified Pension Scheme (UPS) is a recently introduced initiative aimed at providing a comprehensive and streamlined pension framework for citizens. This scheme seeks to consolidate and simplify the existing pension systems, offering a more secure and predictable retirement experience. * Key Features of the Unified Pension Scheme: * 1. *Universal Coverage*: The UPS will cover all citizens, including those in the formal and informal sectors, ensuring that everyone has access to a pension program. 2. *Simplified Contributions*: Employers and employees will contribute to a single pension fund, eliminating the need for multiple contributions to different schemes. 3. *Portable Benefits*: Beneficiaries can take their pension benefits with them, regardless of changes in employment or location. 4. *Guaranteed Minimum Pension*: A minimum pension amount will be guaranteed, ensuring a basic level of income for retirees. 5. *Inv...