Unified Pension Scheme: If all of you are citizens of India and do a government job or know any government employee, then today’s post has brought important news. The Unified Pension Scheme has been started by the Government of India for government employees, which has been implemented across the country from 1 April 2025.
The good news is that it will be fully implemented across the country from 1 August 2025. The scheme has become a combination of the old and the new pension system.
Know what is Unified Pension Scheme
First of all, you should know that the abbreviation of Unified Pension Scheme is UPS. This scheme has been designed by the government after a lot of thought. The main objective of the Unified Pension Scheme is to provide financial security to government employees even after retirement.
The scheme works to combine the benefits of the old as well as the new pension system. Under this, while guaranteed pension facility is provided, the investment in it is also ensured by the state.
How will I get pension now?
UPS has made a change in the Unified Pension Scheme rumor that the employees will be given pension of 50% of the last basic salary.
- If you have served for 25 years or more, then a fixed pension of 50% will be provided.
- If you have served for a minimum of 10 years and a maximum of 24 years, then pension will be decided and provided accordingly.
- All employees who have served for more than 10 years will be given a guaranteed pension of ₹ 10,000 per month.
Who can avail the benefit of Unified Pension Scheme?
- Those employees who will join government service after April 1, 2025 will get the benefit of Unified Pension Scheme.
- At present, all the employees enrolled in NPS are being given the option to shift to the Unified Pension Scheme by September 30, 2025.
- If you join the Unified Pension Scheme once, it will be very difficult to go back to NPS, due to which you will have to take this decision after a lot of thought.
How will the contribution be made
- 10% of the basic salary and dearness allowance will have to be given to the employees.
- An equal contribution of 10% will be made by the government.
- The money will be invested in safe investment which will provide good returns and stable pension in future.
How to apply?
- Through the PRATIAN portal all employees will be able to apply using the online process.
- People can apply offline from the office by filling Form A1 (new employees) and Form A2 (old employees).
- In future, applications will also be accepted through mobile application.
