Central Government should give options only for OPS (or)UPS in States.After the implementation of UPS there should be no more a third option in the name of CPS😮😮😮.
Modi and Shah Govt will never make a pension scheme beneficial for Indian employees, Govt will put so many riders and terms where at the end the pension earned will be far less , and these paid news channel will try to show case as beneficial but at the end it's not in favour of Indian employees
NPS is far better. Don't fall in to the trap of UPS. I am telling you with experience as govt employee with NPS and with 19 years of service. Just increase equity ratio in your NPS.
@@Hey-c2b7h I also thought the same, I did 1 year Govt service now. Will they now close my NPS account and impose UPS upon me ? 😢 Do I have the option to choose now
@@mayankmalra6665what are u talking? Pls talk sense. If everyone works hard will govt b able to provide them govt job? And if private sector doesnt contribute how will your so called babus get these pensions? Pls be in relaity and not fairy tale
Out of a Accummulated Corpus of 6 Crore 3.6 crore is directly given to Retiree. And rest 2.4 crore will be invested. Even at the minimal rate of 5% on Term Deposit. Monthly Return on 6 crores would be 2.5 lakhs, instead of your calculation of 18k. So if you want to explain these things, first consult a NPS Subscriber and study their NPS Contribution & its Return History then describe with proper logics
My calculation was 18% of final salary. Not 18k. The final salary after 30 years becomes 17 lakhs per month and the pension I calculated was 3.2 lakhs. Please understand the numbers properly.
Maybe 18k was not according to u. But your figures are not logical. I'm a Govt Employee from past 18 years. A NPS Subscriber. I know from what salary I've reached to 70k per month. From 1 Lakhs to 17 Lakhs per month in 20 years is technically not possible. And so on your calculations will be wrong. Even though from your example, If I'm having 1 Lakh Salary today. And with 10% Annual increase my salary would be 672750 only. Not 17 lakhs dude. In 20 Years
Check 01:33 . Your statement, "CORPUS AFTER 20 YEARS" is written Fir bhi, it's not possible Sir. There is only 3% increment in basic each year. 6% DA increases but that can not be counted in increments, as increment is always implied on basic salary only. It's Possible, only if Indian Govt approves 8th Pay, 9th Pay commission. (which this government is not in favor of giving) A person who is having 30 years service in hand with 1 lakh salary would be a Grade A Official at high rank. Not A Grade B, C or D employees.
My rough calculation suggests that for me UPS is useless in the current basic pay structure. Few questions: 1. Will government revise basic pay in near future? Otherwise, all pensions are stuck at around 1.1 Lakh per month upper limit as per 50 % of scale 14 last row. If they revise then whole calculation of NPS vs. UPS will change. Government must make it clear what’s their future roadmap regarding periodic basic scale revision. 2. Will government give arrears of difference between 18.5 %-14 % and 18.5%-10% in older NPS account? If yes, then NPS is far better. With the current NPS accumulation and a rough calculation in my case, suggest that for the first year by NPS annuity (calculated at 7 % for 100 % amount accumulated) will be TWICE more than the monthly pay out of UPS. If I save that difference and keep investing then I can still beat UPS. But most can't do that maths. When does UPS make sense? 1. If government revises their basic scale. 2. Only advantage I see with UPS is in the event of unforeseen high inflation due to global warming, war etc. if the inflation goes in the double digits and if I am in my late 70s or 80s then UPS will save me from those black swan events.
As per my understanding, if the government accepts the recommendation of the 7th CPC, basic will get merged with DA every time the DA crosses 50%. If that is the case, the final corpus will be higher and the pension eligibility will be higher due to high basic (and it's even more attractive with DR). Secondly, the government share of 18.5% is only applicable to UPS, 10% of which will be contributed towards the employee controlled fund, and 8.5% into a corpus pool managed by Govt. For NPS accounts, Govt. will continue to contribute 14% only. As per I have gathered, if with the default mode of investment, I fail to gather the 50% of my last basic and DR, Government will ensure the balance. If I earn a higher amount with my investment choice, I will be getting that higher pension in UPS. The only thing that is not clear to me is, if I earn less with my investment choice, whether Govt. will make that good or not.
Private sector employees earning lakhs and living in tier 1 cities , government employees serving the poor in remote areas. Now tell me who deserves pension
Now I know, Bharat will never be a developed economy until 2047 with this backward socialist schemes for socialist people. I better go to Singapore or Germany where people have growth mindset.
Suitable & Success policy: Health insurance should provided to all INDIANS. 15lk/person Health insurance recharge card Age: premium/pm 00-10: Rs. 200 10-20: Rs. 500 20-60: Rs. 800 60-75: Rs. 500 75+ : Rs.200 Looking forward for Quality Health services. No burden on public as well government.
May be you are a government employee. What is your contribution to the economy? Do you produce even 1 apple? The fact that you even get a salary is inflationary. And all your work only decreases the productivity of all citizens.
Calculations are way too wrong.... Employee contribution is 10 percent employer contribution is 14 percent after the recent budget. If one has a high income and many years before retirement... Nps will outperform ups.
My father joined postal service in 2006 & retired in 2019. He is under NPS. If UPS will apply will my father get monthly pension according to UPS or he will get only arrears?😢
Its nothing but taking employee money and giving them pension with the interest from the amount accumulated from their 10% of salary which was and will be deducted
@@interestsavvy6813 I have no idea. I just read so many fake comments about some fake crypto and thought I should help people not fall for these scams. Hope you don’t fall for it too.
What's that 18% under NPS & 50% under OPS. Is the pension fixed on the salary or basic or Basic & DA. Looks like you need a better grip on the subject. Your intention should be to present the facts accurately. People watch this channel for information and not for political opinions.
Basic + DA can fluctuate for different employees. It is not relevant here - the lack of inflation indexation and being forced to take market risk are facts, not political opinions
Highly misleading video with blatant disregard for facts. Your calculations are with 10% of employee contribution to reach 18% of final salary as pension. In NPS, govt contributes too and you yourself have mentioned that considering employer contribution we can reach near the figure of UPS pension. Moreover, basic salary is calculated very very differently in government and private sectors. In govt., basic is generally 50% of our final salary and pension of 50% basic means equivalent to 25% of final salary. This is an achievable amount even with the NPS architecture if returns are decent and govt. might even gain from UPS; in any case there will not be a huge burden. Better if u would have understood the government sector or talked to government employees instead of blaberring anything.
Election gimmick, nps gives better returns. Also it wont be helpful if both employee & his wife are deceased within 5 years of retirement. Loss to employee
Lol guys are screaming and crying here as if government employees don't pay their taxes...Even they are paying taxes from their salary..Instead of blabbering over here write mails to your ceos ask them to give your 100 percentage of your own variable pay instead. Where as a ceo gets in hundreds of crores what employee gets is peanut..Please ask your organizations for pension whenever you retire or change the company lol.. I am not a government employee
Central Government should give options only for OPS (or)UPS in States.After the implementation of UPS there should be no more a third option in the name of CPS😮😮😮.
Modi and Shah Govt will never make a pension scheme beneficial for Indian employees, Govt will put so many riders and terms where at the end the pension earned will be far less , and these paid news channel will try to show case as beneficial but at the end it's not in favour of Indian employees
What is an "Indian employee"? Do you mean government employee?
What's about PRIVATE SECTOR employees????"Zero Pension" scheme.
Paying Tax and "Seva" for benefit of Govt Employees????
Ask your employer
NPS is far better. Don't fall in to the trap of UPS. I am telling you with experience as govt employee with NPS and with 19 years of service. Just increase equity ratio in your NPS.
@@Hey-c2b7h I also thought the same, I did 1 year Govt service now. Will they now close my NPS account and impose UPS upon me ? 😢 Do I have the option to choose now
Work hard and get a government job
@@mayankmalra6665what are u talking? Pls talk sense. If everyone works hard will govt b able to provide them govt job? And if private sector doesnt contribute how will your so called babus get these pensions? Pls be in relaity and not fairy tale
Out of a Accummulated Corpus of 6 Crore 3.6 crore is directly given to Retiree. And rest 2.4 crore will be invested. Even at the minimal rate of 5% on Term Deposit. Monthly Return on 6 crores would be 2.5 lakhs, instead of your calculation of 18k. So if you want to explain these things, first consult a NPS Subscriber and study their NPS Contribution & its Return History then describe with proper logics
My calculation was 18% of final salary. Not 18k. The final salary after 30 years becomes 17 lakhs per month and the pension I calculated was 3.2 lakhs. Please understand the numbers properly.
Maybe 18k was not according to u. But your figures are not logical. I'm a Govt Employee from past 18 years. A NPS Subscriber. I know from what salary I've reached to 70k per month. From 1 Lakhs to 17 Lakhs per month in 20 years is technically not possible. And so on your calculations will be wrong.
Even though from your example, If I'm having 1 Lakh Salary today. And with 10% Annual increase my salary would be 672750 only. Not 17 lakhs dude.
In 20 Years
@@Fragrance-ej8wt 30 years not 20. 10% compounding over 30 years for a 1 lakh salary is 17.44 lakh
Check 01:33 . Your statement, "CORPUS AFTER 20 YEARS" is written
Fir bhi, it's not possible Sir. There is only 3% increment in basic each year. 6% DA increases but that can not be counted in increments, as increment is always implied on basic salary only.
It's Possible, only if Indian Govt approves 8th Pay, 9th Pay commission. (which this government is not in favor of giving)
A person who is having 30 years service in hand with 1 lakh salary would be a Grade A Official at high rank. Not A Grade B, C or D employees.
My rough calculation suggests that for me UPS is useless in the current basic pay structure.
Few questions:
1. Will government revise basic pay in near future? Otherwise, all pensions are stuck at around 1.1 Lakh per month upper limit as per 50 % of scale 14 last row. If they revise then whole calculation of NPS vs. UPS will change. Government must make it clear what’s their future roadmap regarding periodic basic scale revision.
2. Will government give arrears of difference between 18.5 %-14 % and 18.5%-10% in older NPS account? If yes, then NPS is far better.
With the current NPS accumulation and a rough calculation in my case, suggest that for the first year by NPS annuity (calculated at 7 % for 100 % amount accumulated) will be TWICE more than the monthly pay out of UPS. If I save that difference and keep investing then I can still beat UPS. But most can't do that maths.
When does UPS make sense?
1. If government revises their basic scale.
2. Only advantage I see with UPS is in the event of unforeseen high inflation due to global warming, war etc. if the inflation goes in the double digits and if I am in my late 70s or 80s then UPS will save me from those black swan events.
As per my understanding, if the government accepts the recommendation of the 7th CPC, basic will get merged with DA every time the DA crosses 50%. If that is the case, the final corpus will be higher and the pension eligibility will be higher due to high basic (and it's even more attractive with DR). Secondly, the government share of 18.5% is only applicable to UPS, 10% of which will be contributed towards the employee controlled fund, and 8.5% into a corpus pool managed by Govt. For NPS accounts, Govt. will continue to contribute 14% only. As per I have gathered, if with the default mode of investment, I fail to gather the 50% of my last basic and DR, Government will ensure the balance. If I earn a higher amount with my investment choice, I will be getting that higher pension in UPS. The only thing that is not clear to me is, if I earn less with my investment choice, whether Govt. will make that good or not.
Private sector employees earning lakhs and living in tier 1 cities , government employees serving the poor in remote areas. Now tell me who deserves pension
Yes you deserve pension, but it should be funded. Not unfunded. Everywhere in the world it is funded ie in developed countries.
Than why politicians and defence employees unfunded getting ....@@ankushmukherjee3219
Now I know, Bharat will never be a developed economy until 2047 with this backward socialist schemes for socialist people.
I better go to Singapore or Germany where people have growth mindset.
U left ?
Equity Market will always give more return than inflation in the long run
Yeah, maybe but are you really willing to bet on the volatile equity market during your retirement years?
50 percent of basic not total pay 😂
3% people cornering 20% resources and still unhappy.
8 th pay commission should not be implemented using tax payer's money.
Suitable & Success policy:
Health insurance should provided to all INDIANS.
15lk/person
Health insurance recharge card
Age: premium/pm
00-10: Rs. 200
10-20: Rs. 500
20-60: Rs. 800
60-75: Rs. 500
75+ : Rs.200
Looking forward for Quality Health services.
No burden on public as well government.
Bring back OPS. All this is just an eyewash.
I do not understand anything
Who is holding the fund..?
Who will pay the ups to pensioners.?
This is not promising even for government service employees . Old pension scheme is the best
Can we control investment in NPS ? Means in specific Mutual fund?
I Don understand anything 🙂🙂
"How to waste 4:04 minutes" should be the title.
May be you are a government employee. What is your contribution to the economy? Do you produce even 1 apple? The fact that you even get a salary is inflationary. And all your work only decreases the productivity of all citizens.
Can Central Govt employees not contributing to NPS currently, can now freshly start contributing to OPS? Pls clarify.
Now agniveer should also be given pension
If employees share is 10 and government share 18.5 for is it contributed if it is not paid to an employee??
Calculations are way too wrong.... Employee contribution is 10 percent employer contribution is 14 percent after the recent budget. If one has a high income and many years before retirement... Nps will outperform ups.
It never will.
Only OPS...
If basic and DA is not merged and i reture today i am fucked
Unfortunately yes.
Jinhone 2010-12 mein retirement li thi unko konse scheme leni pdegi after 25 years of service
My father joined postal service in 2006 & retired in 2019. He is under NPS. If UPS will apply will my father get monthly pension according to UPS or he will get only arrears?😢
No he will get the pension but he will have to return the 60% money he withdrew at the time of the retirement.
Its nothing but taking employee money and giving them pension with the interest from the amount accumulated from their 10% of salary which was and will be deducted
Dude that is exactly what NPS did.
Private employees should not file ITR
Why to fill tax when you are not getting any tax benefits..
Tax is already deducted.
Is this scheme applicable only to Central Government employees or also applicable to State Government employees as well?
As of now only to Central employees, state Govt has to enact it in their own states if they want to.
DON’T FALL FOR SCAMS. SOME PEOPLE IN THIS COMMENT SECTION ARE TRYING TO SCAM PEOPLE BY TRYING TO MAKE THEM BUY SOME FAKE AWS CRYPTOCURRENCY!!
Dude, which platform gives best return on crypto?
@@interestsavvy6813 I have no idea. I just read so many fake comments about some fake crypto and thought I should help people not fall for these scams. Hope you don’t fall for it too.
What's that 18% under NPS & 50% under OPS. Is the pension fixed on the salary or basic or Basic & DA. Looks like you need a better grip on the subject. Your intention should be to present the facts accurately. People watch this channel for information and not for political opinions.
Basic + DA can fluctuate for different employees. It is not relevant here - the lack of inflation indexation and being forced to take market risk are facts, not political opinions
Karo aur karo
Kamchor government k employees ki seva
Wah re Sarkar
Majdoor
Highly misleading video with blatant disregard for facts. Your calculations are with 10% of employee contribution to reach 18% of final salary as pension. In NPS, govt contributes too and you yourself have mentioned that considering employer contribution we can reach near the figure of UPS pension. Moreover, basic salary is calculated very very differently in government and private sectors. In govt., basic is generally 50% of our final salary and pension of 50% basic means equivalent to 25% of final salary. This is an achievable amount even with the NPS architecture if returns are decent and govt. might even gain from UPS; in any case there will not be a huge burden. Better if u would have understood the government sector or talked to government employees instead of blaberring anything.
Contract employees will be treated like slaves
Election gimmick, nps gives better returns. Also it wont be helpful if both employee & his wife are deceased within 5 years of retirement. Loss to employee
Do this applicable to bank employees
If the banks implement it.
India under coalition 📉📉📉
Is indian army airforce navy also covered in this ?
No they are still in the ops, but there is a pretty good chance they might be transferred to this scheme for the new recruits atleast.
Where is that 10 percent will go,Fucked it's mind blowing mathematics.
Ups is not a rollback of NPS
But it will be eventually.
Bro not well presented
He himself don't know
What is for private sector?
dude, you have got NPS which is way better than UPS
Uhhh ummm uhhhh😂😂😂
Lol guys are screaming and crying here as if government employees don't pay their taxes...Even they are paying taxes from their salary..Instead of blabbering over here write mails to your ceos ask them to give your 100 percentage of your own variable pay instead. Where as a ceo gets in hundreds of crores what employee gets is peanut..Please ask your organizations for pension whenever you retire or change the company lol..
I am not a government employee
Below 10 years service Benefit ?
For private employee?
Ask your employer
Tax on Capital gain, home, insurance, everything so that sarkari babus can enjoy benefit.
Waste of time watching this video. Not well prepared and not provided proper information with facts.
Anti national mint 😂
Waste fellow don't know anything