Unified Pension Scheme (UPS)
On 24th January 2025, the Finance Ministry officially notified the Unified Pension Scheme (UPS) as an optional pension scheme under the National Pension System (NPS) for central government employees who joined on or after 1st January 2004.
About UPS
- Assured Payout & Eligibility: The scheme provides an assured monthly payout of Rs. 10,000 for employees who superannuate after 10 years of service, and full assured payout for those completing 25 years.
- Implementation Date: UPS will be effective from 1st April, 2025 – benefiting over 23 lakh central government employees.
Assured Payout Structure
- Superannuation Payout: Employees retiring after 25 years will receive ....
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