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The central government announced that the Unified Pension Scheme (UPS) will be available as an option under the National Pension System for government employees.
“The Unified Pension Scheme shall be applicable to such central government employees who are covered under the National Pension System and who choose this option under the National Pension System,” an official notification from the government said on January 24.
Existing central government employees can choose to either take the Unified Pension Scheme option under the National Pension System or continue with the National Pension System without the UPS option.
Are you eligible?
A central government employee will be assured the payout only in the following cases:
Effective date details
According to the government notification, the effective date for the Unified Pension Scheme implementation for government employees will be April 1, 2025.
“The effective date for operationalisation of the Unified Pension Scheme shall be 1st April, 2025,” said the Ministry of Finance in the official notification.
Benefits of UPS
The employees falling under the Unified Pension Scheme will get the following benefits.
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