Pension Budget 2024 expectations: FM may offer guarantee under NPS; central government employees likely to get 50% of last pay drawn as pension

NPS in Budget 2024: The government aims to provide reassurance to central government employees covered by the National Pension System by offering them 50% of their last drawn pay as pension, in an effort to address their payout-related worries. Even though the current scheme provides attractive returns for employees who have been investing for 25-30 years, the government is still committed to ensuring this benefit.