Given this, the Centre tried to find a middle ground through the Unified Pension Scheme (UPS), blending some of the key features from both pension schemes – OPS and NPS. Like OPS, UPS guarantees ...

Central government employees who are already enrolled in NPS can choose to transition to UPS, which promises a pension amounting to 50% of the average basic salary in the last 12 months before ...

Observing that NPS has emerged as a robust retirement savings mechanism in the country, he said, its growing assets under management and subscriber base is reflective of people's trust in the scheme.

The move may also influence state governments to explore ... officially notified the operation of UPS under the NPS Regulations 2025. These regulations divide central government employees into ...

Both schemes have distinct features that cater to the diverse needs of employees across sectors, with the UPS offering a more structured and predictable pension plan, while the NPS is market ...

The implementation of the Unified Pension Scheme (UPS) for central government employees is slated for April 1, 2025. This new pension scheme aims to fulfill the persistent request of central ...

The Central Government has introduced the Unified Pension Scheme (UPS) as an alternative to the National Pension System (NPS). The official announcement for UPS was made on January 24, 2025 ...

The NPS, which was launched in January 2004, replaced the Old Pension Scheme (OPS), and covers all departments under the central government. On the other hand, UPS is a new pension scheme recently ...