2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Atal Pension Yojana
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National Pension System
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New Pension System
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Smart Pension System
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Detailed explanation-1: -The Indian Finance Ministry has created a committee led by Finance Secretary T V Somanathan to review the pension system for government staff. The committee will undertake an analysis of existing framework and structure of the National Pension System (NPS) and suggest if there are any necessary changes.
Detailed explanation-2: -The Central Government had introduced the National Pension System (NPS) with effect from January 1, 2004 (except for armed forces).
Detailed explanation-3: -The amount of pension is 50% of the emoluments or average emoluments whichever is beneficial. Minimum pension presently is Rs. 9000 per month. Maximum limit on pension is 50% of the highest pay in the Government of India (presently Rs. 1, 25, 000) per month. Pension is payable up to and including the date of death.