Diabytes
Unified Pension Scheme News
)
In a bid to provide further impetus to the UPS, the Government has decided that tax benefits as available under NPS shall apply mutatis mutandis to UPS as it is an option under NPS, said the Ministry of Finance.
)
Unified Pension Scheme Last Date: To implement the UPS, the Pension Fund Regulatory and Development Authority (PFRDA) released the necessary regulations on March 19, 2025.
)
Unified Pension Scheme Last Date To Apply: On April 1, 2025, the central government introduced the Unified Pension Scheme (UPS) option for its employees, which offers a guaranteed pension subject to certain conditions.
)
Declared last year by the Narendra Modi government, the UPS seeks to provide fixed pension security to employees working in central government offices.
)
NPS To UPS Switch: The NPS to UPS migration is now live on the official CRA (Central Recordkeeping Agency) portal. This migration aims to offer a guaranteed pension, government contributions, and more investment flexibility to central government employees post-retirement. Notably, the Unified Pension Scheme (UPS) offers a structured pension payout based on an employee’s service tenure. Those with 25 or more years of service will receive 50 per cent of their average last 12 months’ basic salary as a pension.
)
Employees, who have served for more than 10 years but less than 25 years, will receive a minimum pension of Rs 10,000 per month under Unified Pension Scheme.
)
A minimum assured payout of Rs.10,000 per month has been guaranteed under Unified Pension Scheme in case superannuation is after 10 years or more of qualifying service, subject to timely and regular credit of contributions and no withdrawals.
)
What is the minimum assured-payout under UPS and what is the family payout? Check
)
PFRDA Regulations enable enrolment of three categories of central government employees in Unified Pension Scheme --Check Major cut-off dates
)
The government is introducing the UPS to offer more financial security after retirement to at least 23 lakh Central government employees, particularly for those who prefer a stable and predictable income instead of a market-linked pension.
)
Declared last year by the Narendra Modi government, the UPS seeks to provide fixed pension security to employees working in central government offices.
)
UPS From April 1: This scheme under the National Pension System (NPS) is mainly intended for central government workers.
)
Unified Pension Scheme Benefits: The government has introduced the Unified Pension Scheme (UPS), set to take effect on April 1, 2025. Maharashtra became the first state to adopt UPS, with the state cabinet approving its implementation for government employees on August 25, 2024.
)
The Central Government employees, who are covered under NPS, are eligible to submit their option for UPS under National Pension System
)
The Central Government employees, who are covered under NPS, are eligible to submit their option for UPS under National Pension System
)
A separate pooled fund will be created with an extra 8.5 per cent contribution from the government.
)
8th Pay Commission Salary Pay Matrix: Currently, the salaries and pensions are based on the 7th Pay Commission's recommendations, implemented on January 1, 2016. The 8th Pay Commission is expected to bring significant changes to pensions under the National Pension System (NPS) and the Unified Pension Scheme (UPS).
)
)
)
Congress leader said that after June 4 the power of the people has prevailed over the arrogance of the Prime Minister's authority.
Loading...
 "Will Hindus get justice in Bengal's Murshidabad?")
 "DNA: Uproar over freebies in Delhi!")
 "DNA: AIMIM plans to field 2020 Delhi riots accused Shahrukh Pathan")
 "DNA: A report showing the reality of Bangladesh")
 "DNA: Power Theft Allegations Against SP MP Ziaur Rahman Barq")
 "DNA: Hot Tea Linked to Cancer Risk!")
 "DNA: Why Jordan Fears After Syria’s Coup?")
 "DNA: NSA Ajit Doval’s China Visit - Inside Story")
 "DNA: Gandhi Family Ruined My Career, says Mani Shankar Aiyar")
 "DNA: Ground Report- Tight Security Arrangements for Mahakumbh")
