Question

Which of the following statements is/are correct regarding the Unified Pension Scheme (UP

  • S ? • Statement 1: It offers an assured pension of 50% of the average basic pay from the last 12 months before retirement. • Statement 2: Family pension is assured at 80% of the employee's pension before demise. • Statement 3: It includes inflation indexation based on the All India Consumer Price Index for Industrial Workers.
A Only 1
B Only 1 and 3
C Only 2 and 3
D All 1, 2, and 3
E Only 3
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