The old pension scheme offers guaranteed income after retirement, while the new pension scheme provides market-linked returns with no guarantee. The pension system is an integral part of the economic and social security system of a country. It provides financial security to elderly citizens and helps them meet their daily expenses. In India, the pension system has gone through several changes over the years, from the Old Pension Scheme (OPS) to the New Pension Scheme (NPS) .
The old pension scheme and the new pension scheme are both retirement savings plans, but they differ in terms of their approach to […]
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