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One of the key features is the inclusion of a fixed, guaranteed pension payout after retirement.
Employees who have worked for 25 years or more will receive a pension equal to 50% of their average pay for the last 12 months of their service.
Even those who have served for a minimum of 10 years will be entitled to a pension of Rs 10,000 per month.
This guaranteed pension provides a safety net for retirees, unlike the NPS, where the pension amount is solely dependent on the accumulated corpus and is subject to market fluctuations.finance safe 2024 passive income AI Investments: Fast Returns with Smart Decisions