Mumbai (Maharashtra) [India], August 25 (ANI): In a significant move, the Maharashtra Cabinet on Sunday approved the central government’s Unified Pension Scheme (UPS). The Unified Pension Scheme was approved by the Modi government on Saturday and is set to take effect on April 1, 2025. Opposition parties had been advocating for the reinstatement of the old pension scheme (OPS), which was replaced by the new pension scheme (NPS) in 2004. The NPS was based on defined contributions by employees and employers, with the funds invested in select portfolios. The pension amount under this scheme was d…