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Tag: Unified Pension Scheme

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Unified Pension Scheme: NPS employees can now shift to UPS

Unified Pension Scheme: NPS employees can now shift to UPS

Unified Pension Scheme: For central government employees who joined between April 1, 2025, and August 31, 2025, and who chose the National Pension System, the government has chosen to offer them a one-time opportunity to switch to the Unified Pension Scheme (UPS). The finance ministry stated in a statement on Tuesday that this option may […]

Despite Benefits, Unified Pension Scheme Fails To Attract Employees?

Despite Benefits, Unified Pension Scheme Fails To Attract Employees?

  In 2024, the Central Government rolled out Unified Pension Scheme (UPS) to ensure pension security for government employees, giving them a pension that is fixed as a percentage of a guaranteed salary (unlike a pension tied to market returns of NPS).   Benefits of the UPS   UPS guarantees pension at the rate of […]

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