January 26, 2025 11:19 AM

Centre notifies Unified Pension Scheme for government staff

The finance ministry on Saturday notified the operationalization of the Unified Pension Scheme (UPS) as an option under the National Pension System (NPS) for central government employees, effective from April 1. This new scheme will guarantee retirement benefits for employees. “The Unified Pension Scheme shall apply to Central Government employees who are covered under the National Pension System and who choose this option under the National Pension System,” the finance ministry said in a s...