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The Unified Pension Scheme ( UPS ) has been introduced as an option under the National Pension System (NPS) by the Central Government for the Central Government employees covered under NPS so that they may receive an assured payout after their retirement. It is a ‘fund-based’ payout system which relies on the regular and timely accumulation and investment of applicable contributions (from both the employee and the employer (the Central Government)) for grant of monthly payout to the retiree. UPS is a new pension scheme launched by the Central Government for its employees from April 2025, offering assured payout, family support, and inflation adjustment. Learn about its benefits, eligibility, contributions, payouts, and how it differs from NPS. The Central Government announced a new pension scheme for government employees, the Unified Pension Scheme . Learn about the Unified Pension Scheme ( UPS ) eligibility, benefits, returns, gratuity, withdrawal rules & retirement details. The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the Unified Pension Scheme ( UPS ). The salient features of the UPS are: Assured pension : 50% of the average basic pay drawn over the last 12 months prior to superannuation for a minimum qualifying service of 25 years. This pay is to be proportionate for lesser service period upto a minimum of 10 years of service. Assured family pension : @60% of pension of the employee immediately before her/his demise. Assured ...
