Income Tax 8 September 2026
Labour Ministry Plans Flexible Payouts for Universal Pension Scheme
The Indian labour ministry is reviewing the Universal Pension Scheme to allow retirees greater choice in how they receive benefits, proposing flexible payout options such as lump‑sum, monthly installments or a combination, aiming to improve financial security and adapt to varied needs of older workers.
Universal Pension Scheme – New payout flexibility
- The labour ministry is studying the scheme to let retirees pick how they get their pension.
- Options under review include a one‑time lump sum, regular monthly payments, or a mix of both.
- Goal is to give older workers more financial security and match diverse needs.
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