Pension Reforms — Prelims Strategy

Prelims Strategy

Focus on memorizing specific facts: NPS launch date (January 1, 2004), contribution rates (10% employee, 14% employer), APY pension amounts (₹1,000-₹5,000), PFRDA establishment year (2013), and annuitization requirement (40%).

Create a comparison chart of OPS vs NPS vs APY covering key features, eligibility, and benefits. Pay special attention to recent developments like UPS announcement, state reversions, and regulatory changes.

Practice elimination techniques by understanding common traps: confusing annuitization percentages, mixing up target groups for different schemes, and incorrect dates. Use mnemonics for remembering multiple schemes and their features.

Stay updated on current affairs related to pension policy changes and state government decisions.