Unified Pension Scheme
The Ministry of Finance has introduced a one-time, one-way switch facility allowing Central Government employees to switch from the Unified Pension Scheme (UPS) to the National Pension System (NPS) under specific conditions. Eligible employees can only switch once and must do so before certain deadlines. The last date to opt
Unified Pension Scheme
The Ministry of Personnel has notified the Central Civil Services (Implementation of the Unified Pension Scheme under the National Pension System) Rules, 2025, which regulate benefits for Central Government employees opting for the Unified Pension Scheme (UPS) under the National Pension System (NPS). The UPS was approved by the Union
Unified Pension Scheme
The Ministry of Finance has announced that tax benefits available under the National Pension System (NPS) will also apply to the newly introduced Unified Pension Scheme (UPS) for Central Government employees. This decision aims to provide substantial tax relief and incentives, ensuring parity with the existing NPS structure. The UPS
Unified Pension Scheme
The Ministry of Finance has extended the cut-off date for exercising options under the Unified Pension Scheme (UPS) by three months, now until September 30, 2025. This decision follows requests from stakeholders and applies to eligible existing employees, past retirees, and spouses of deceased retirees. Source: Original Link
Unified Pension Scheme
The Ministry of Personnel, Public Grievances & Pensions has issued new instructions regarding the Unified Pension Scheme (UPS) for Central Government employees. These guidelines allow employees who opt for UPS to avail benefits under the Old Pension Scheme (OPS) in cases of death or discharge due to invalidation or disablement.
Unified Pension Scheme
The Ministry of Personnel, Public Grievances & Pensions has announced that Central Government employees opting for the Unified Pension Scheme (UPS) will be eligible for retirement and death gratuity benefits. This follows the Ministry of Finance's notification introducing the UPS as an option under the National Pension System
Unified Pension Scheme
Union Minister Dr. Jitendra Singh announced that Central government employees under the Unified Pension Scheme will now receive retirement and death gratuity benefits, addressing a long-standing demand for parity in retirement benefits. This move reflects the government's commitment to social security for all employees under the National Pension
Unified Pension Scheme
Retired Central Government NPS subscribers with a minimum of 10 years of qualifying service can claim additional benefits under the Unified Pension Scheme (UPS). These benefits include a lumpsum payment, monthly top-up amounts, and arrears with interest. Claims can be made physically or online, with a deadline of June 30,