Over 23 lakh govt employees under NPS can choose UPS

NEW DELHI: The Indian government is set to implement the Unified Pension Scheme (UPS) from April l, 2025, bringing substantial benefits to around 23 lakh central government employees.

- NARESH BISWANI

The new pension system, expected to be a game-changer in employee welfare, is designed to ensure financial security post-retirement, offering a structured and predictable pension to government employees.

One of the most significant features of the UPS is the assured pension, which guarantees that employees with a minimum of 25 years of service will receive 50 per cent of the average basic salary of the last 12 months before retirement. The pension amount will be proportional for those with at least 10 years of service. Moreover, the scheme ensures a minimum pension of Rs 10,000 per month for those who retire after at least 10 years of service, providing a safety net for lower-income employees.