Even if the nominal annuity appears adequate at retirement for the NPS, persistently high inflation can significantly reduce the real value of the monthly payout.
Piyush was about celebration—of life, of people, of stories. He believed that what we create can shape popular culture, can make people feel proud of who they are.
Rosneft, the Russian state-owned oil behemoth, has large interests in India. Reliance has a contract to purchase 500,000 barrels of crude per day from the firm.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
This is a downright misleading article. I suggest that all people opt for UPS without hesitation.
The author, like all other authors on this topic, has taken an accountant’s view of the two options. This article represents the narrow view of bean-counters.
In NPS, an employee needs to be financially smart.
In UPS an employee with no financial acumen, which is most Govt. employees, will get pension every month. If the employee is financially smart, he can separately invest in financial instruments over and above UPS.
That is not all there is to it. What about the psychological and emotional sense of security that there will be money coming in at the beginning of every month after retirement – priceless. What about the sense of security that the spouse will get family pension after the employee’s death – even more priceless.
The proof of the pudding is in the eating. I predict that more than 95% of the Govt. employees will switch from NPS to UPS. Almost all women employees are likely to switch to UPS due to the sense of security it gives over the long term. For men employees, even if they want to go with NPS, a few discussions with their wives and looking at their children will convince them to go with UPS.
The author and other bean counters don’t seem to understand that the older one gets more money is not so important as guaranteed money every month.
Once again, I recommend all to go with UPS over NPS to avoid a lifetime of regret.
This is a downright misleading article. I suggest that all people opt for UPS without hesitation.
The author, like all other authors on this topic, has taken an accountant’s view of the two options. This article represents the narrow view of bean-counters.
In NPS, an employee needs to be financially smart.
In UPS an employee with no financial acumen, which is most Govt. employees, will get pension every month. If the employee is financially smart, he can separately invest in financial instruments over and above UPS.
That is not all there is to it. What about the psychological and emotional sense of security that there will be money coming in at the beginning of every month after retirement – priceless. What about the sense of security that the spouse will get family pension after the employee’s death – even more priceless.
The proof of the pudding is in the eating. I predict that more than 95% of the Govt. employees will switch from NPS to UPS. Almost all women employees are likely to switch to UPS due to the sense of security it gives over the long term. For men employees, even if they want to go with NPS, a few discussions with their wives and looking at their children will convince them to go with UPS.
The author and other bean counters don’t seem to understand that the older one gets more money is not so important as guaranteed money every month.
Once again, I recommend all to go with UPS over NPS to avoid a lifetime of regret.