The Central Government has announced the implementation of the Unified Pension Scheme (UPS) for Central Government employees who are already enrolled in the National Pension System (NPS).

The scheme, which combines elements of both the Old Pension Scheme (OPS) and the NPS, aims to provide a guaranteed pension to retired employees, ensuring financial security after retirement.

The UPS will come into effect from April 1, 2025. The Central Government has today published a 15-page gazette notification regarding the scheme.

Retirement: Employees who retire after completing at least ten years of qualifying service will get assured payment from the date of retirement.

Retirement under FR 56(j): Employees retired by the Government, not subject to penalty provisions, will be eligible for payment from the date of retirement.

Voluntary Retirement: Employees who opt for voluntary retirement after at least 25 years of service will get payment from the date of their retirement.

However, this scheme will not apply to employees who have been terminated, removed, or resigned from employment.