OPS vs NPS vs UPS: Which Retirement Plan is Best for You in 2025
OPS vs NPS vs UPS: Which Retirement Plan is Best for You in 2025? Planning for retirement is one of the most important financial decisions in life. With multiple pension schemes available, understanding which one suits you best can be confusing. In 2025, three major pension plans are in focus: Old Pension Scheme (OPS) – The traditional government pension plan. National Pension System (NPS) – A market-linked investment pension. Unified Pension Scheme (UPS) – A hybrid model with government-backed benefits. Let's break them down in simple terms and use relatable examples to help you make an informed choice. 1. Old Pension Scheme (OPS) – The Traditional Security Think of it like: A lifelong salary after retirement OPS was the pension system for government employees before 2004. It guarantees a fixed monthly pension based on the last drawn salary, with periodic increases (Dearness Allowance) to keep up with inflation. Example: Imagine you worked for the government for ...