Unified Pension Scheme: The central government announced the Unified Pension Scheme (UPS) at the beginning of 2025, claiming that it will be implemented at the start of the next fiscal year, on April 1. This system was established as an alternative to the National Pension system for central employees. Under this scheme, government employees will receive a pension equal to 50% of their last salary.
Employees who have served between 10 and 25 years will be eligible for a fractionated pension under this program. Similarly, if an employee dies, the employee’s family will receive 60% of the pension. Apart from this, the employee receives a lump sum payment together with a gratuity upon retirement. Employees who have worked for at least ten years would receive a monthly pension of at least Rs 10,000.
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