Unified Pension Scheme
Pension scheme in India
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The Unified Pension Scheme (UPS), introduced by the Government of India in 2024 as an optional pension scheme along with the National Pension System (NPS) for the government employees, it aims to provide a comprehensive and centralised pension system for Central government employees. The scheme is designed to consolidate various existing pension schemes, offering a more equitable and efficient approach to retirement benefits.
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Only a small proportion of central government staff opts for UPS, deadline extended by 3 monthsFacing employee hesitancy and demands for clarification, the government has extended the deadline for opting into the Unified Pension Scheme (UPS) by three months. Concerns linger regarding death..IndiaTimes - Published | |
OPS-like benefits for central government staff under Unified Pension SchemeCentral government employees under the Unified Pension Scheme (UPS) will now receive retirement and death gratuity benefits akin to the Old Pension Scheme (OPS).IndiaTimes - Published | |
Good news for Central govt employees! You can claim additional benefits under UPS if..., download form here...The additional benefits under the Unified Pension Scheme or the UPS can be claimed through the physical mode or the online mode. The physical mode entails visiting the DDO & submitting the Form. You..DNA - Published | |
From pension bonanza to GST tweaks: 10 changes that kick in todayStarting April 1, 2025, various regulatory and financial changes, including revised income tax slabs, updated UPI regulations, and the introduction of the Unified Pension Scheme, will impact taxpayers,..IndiaTimes - Published |
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