Unified Pension Scheme (UPS) - Gazette Notification dated 24/01/2025

Unified Pension Scheme (UPS) - Gazette Notification dated 24/01/2025

 

Unified Pension Scheme Notification

• Date of Notification: January 24, 2025

• Authority: Ministry of Finance, Government of India released the Gazettee.

• Introduction of a Unified Pension Scheme for Central Government employees under the National Pension System.

• Key Features:

• Assured payouts based on qualifying service.

• Minimum guaranteed payout of ₹10,000/month after 10 years of service.

• Employee and government contributions of 10% each.

• Additional government contribution of 8.5% for supporting payouts.

• Effective Date: April 1, 2025.

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