UPS: Unified Pension Scheme will be applicable from April 1, know the conditions for employees here – India tv hindi

The government is going to start the Integrated Pension Scheme (UPS) from 1 April 2025 as an option under the National Pension System for Central Government employees under the National Pension System. The government has also issued a notification for this. This integrated pension scheme will apply to the employees of the central government who fall under the national pension system and who choose this option under the National Pension System. Under this, a minimum pension will be ensured. The notification issued states that the ensured payment under the scheme will be when the rate of complete payment will be 50% of the twelve monthly average basic salary just before the retirement.

Understand eligibility

According to the notification issued, the sure payment under this scheme will be applicable from the date of retirement, in the case of the employee retiring only after ten years of service. In addition, under the provisions of FR56 (J) (which is not punished under the Central Civil Services (Classification, Control and Appeal) Rules, 1965), in the case of the employee retiring by the government, from the date of such retirement and 25 years In terms of voluntary retirement after the minimum service period, from the date when such an employee would have been retired, if the service period continued till retirement.

The assured payment will not be available in the event of being removed or dismissed or resigned from the employee’s service. In such cases the option of integrated pension scheme will not be applicable. In this, employees will have to contribute 10% from basic salary like NPS. The government will contribute 18.5%. In this way, the total contribution will be 28.5%.

10,000 rupees per month will get pension

The notification issued states that under other conditions mentioned, the ensured payment under the scheme will be when the rate of complete payment will be 50% of the twelve monthly average original salary just before the retirement. Full sure payment will be payable after minimum 25 years of service. Proportional payment will be acceptable in case of low service period. If the retirement occurs after ten years or more service, a minimum of Rs 10,000 per month guaranteed payment will be ensured. In addition, in cases of voluntary retirement after minimum 25 years of service, the sure payment will begin on the date on which the employee would have retired, if he continued in the service.

Approval was received last year

On August 24, 2024, the Union Cabinet approved a new pension policy for about 23 lakh central government employees. This policy unveiled a structure that guarantees 50% of the original salary as a monthly pension, the answer to the requests of the Central Government Employees Unions that wanted guaranteed retirement benefits.

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