Section 8 of The Unified Pension Scheme: Fund Based System
Fund Based System Unified Pension Scheme
(1) The UPS, being a ‘fund-based’ system, relies on the regular and timely accumulation and
investment of applicable contributions (from both the employee and the employer) for assured payout to the employees
post superannuation or retirement, as the case may be.
(2) The assurance of timely and regular payout of benefits under UPS shall depend upon adequacy of funds under
individual and pool corpus.