Centre notifies Unified Pension Scheme for government employees; Check effective date, eligibility and other details | Mint
Source: Live Mint
The central government announced that the Unified Pension Scheme (UPS) will be available as an option under the National Pension System for the employees working under the government, according to an official notification on January 24.
“The Unified Pension Scheme shall be applicable to such Central Government employees who are covered under National Pension System and who choose this option under National Pension System,” said the official notification from the government.
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 data, the effective date for the Unified Pension Scheme (UPS) 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 Scheme
The employees falling under the Unified Pension Scheme (UPS) will get the following benefits.
