Unified Pension Scheme: made the early retirement option easier
UPS: Center notified Integrated Pension Scheme rules: The central government has notified the rules related to benefits under the Unified Pension Scheme (UPS) for its employees. The Personnel Ministry issued a statement on Thursday giving this information. The Central Civil Services (Implementation of UPS under National Pension System) Rules, 2025 include enrollment under this pension scheme and other benefits, including the facility to switch from UPS to NPS one year before the date of retirement or three months before VRS.
What is the provision?
In the notification issued by the Personnel Ministry, it has been said that under these rules-
Employees will be given the facility to switch from NPS to UPS. This option can be taken one year before retirement or three months before VRS.
Provision is made for contribution by both employee and government, compensation for delay in registration, and benefits in case of death or disability during service.
The benefits available for various reasons for retirement, such as superannuation, premature or voluntary retirement, incapacity, resignation, or compulsory retirement, have also been clarified.
Retirement after 20 years of service
The most important thing is that now employees will get the benefit of retirement after completing 20 years of regular service instead of 25 years. This is being described as a big and historic step in the interest of employees. National President of All India NPS Employees Federation Manjeet Singh Patel welcomed the notification and said that the provision of retirement after completing 20 years of regular service instead of 25 years will undoubtedly prove to be a historic milestone in employee welfare. He said, this was a much-needed amendment in UPS since the implementation of the new scheme. The Union Cabinet had approved the introduction of UPS on August 24 last year. The Department of Financial Services had notified UPS as an option/scheme under the National Pension System on January 24 this year. The effective date of implementation of UPS is April 1, 2025.
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