The government has approved extending LC75 and BLC investment options to Central Government employees under the National Pension System (NPS) and Unified Pension Scheme (UPS).
The move responds to demand from employees for a wider range of investment choices similar to those available to non-government subscribers.
The new options aim to provide greater flexibility in retirement planning and allow employees to manage their retirement corpus according to individual preferences.
Key benefits include increased flexibility, a glide path mechanism, broadened auto-choice options, and support for informed financial planning.