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What is Unified Pension Scheme Overview for Employees about?

The Unified Pension Scheme (UPS) for Central Government employees, introduced following a Cabinet approval in August 2024, aims to provide a contributory defined pension scheme under the National Pension System (NPS) starting April 1, 2025. Employees must opt for inclusion by June 30, 2025, and the scheme offers assured pensions based on years of service, with various benefits including family pensions and partial withdrawal options for specific purposes. The UPS includes individual and pool corpus funds, w

Author

fahad.law

Language

EN