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The Central Government's social security programme is called the National Pension Scheme (NPS). Employees in the public, private, and even unorganised sectors are eligible for this pension plan, with the exception of those in the military forces.
Throughout their career, the programme encourages participants to make regular contributions to a pension account. The subscribers may withdraw a certain portion of the corpus upon retirement. After you retire, the balance will be paid to you as an NPS account holder as a monthly pension.
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