<ul><li>The Ministry of Finance will study the global best practices and review the Employees' Provident Fund Organisation’s investment experience to formulate a mechanism for managing Unified Pension Scheme, or UPS corpus.</li><li>The UPS is a retirement benefit scheme for government employees, offered as an alternative to the National Pension System.</li><li>Under the UPS, employees contribute 10% of their basic salary and dearness allowance, while the government contributes 18.5% to build a corpus for payouts to retirees.</li><li>The EPFO, which manages the Provident Fund, relies on diversified investments, and a similar strategy could be adopted by the UPS committee for investment of the funds.</li></ul>

Finance Ministry To Study EPFO, Global Models For Managing UPS Corpus: Report

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