Primus In News
Double gain for UPS subscribers: Gratuity bonanza over and above lump-sum benefit for these government employees, here’s how
23-06-2025
Shravan Shetty, Managing Director, Primus Partners, shares his view on the recent update to the Central Civil Service (Payment of Gratuity under National Pension System) Rules, 2021 and its impact on government employees subscribed to UPS. He highlights that the change offers greater clarity and assurance by enabling lump sum gratuity payouts upon retirement or in case of death in service. This move strengthens the social security framework for UPS subscribers, offering vital financial support to employees and their families during key life transitions.
Explore Related Insights
- India-UK FTA to steer gains for luxury carmakers, auto part exporters
- China’s Rare Earth Restrictions Unlikely to Impact Launch of e Vitara: Maruti Suzuki
- Government mandates RBI approval for cross-border mergers from Sep 17
- Unfriending India? Trump’s 25% tariffs on India deal a body blow to major sectors—and raise costs for US consumers
