Q. Consider the following statements about the Unified Pension Scheme (UPS):
1.It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
2.It is designed to provide assured, inflation-indexed, and adequate retirement benefits.
3.It is applicable to both serving and retired employees of both central and state governments.
How many of the above statements are correct?
Answer: B
Notes:
Explanation: 1 and 2
Statement 1 is correct: It regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
Statement 2 is correct: It is designed to provide assured, inflation-indexed, and adequate retirement benefits, addressing concerns of longevity protection and pension predictability.
Statement 3 is incorrect: It is an option under the National Pension System (NPS) for Central Government employees.
Source: DD News
