Unified Pension Scheme will not be rolled back, says government official in response to trade union demand
6 months, 2 weeks ago

Unified Pension Scheme will not be rolled back, says government official in response to trade union demand

Live Mint  

New Delhi: There will be no rollback of the new Unified Pension Scheme for central government employees, a senior government official said on Tuesday. This is a pension for central government employees, which is different from the pension system of the state government and the private sector.” ‘UPS an upgrade of existing NPS’ The UPS can be seen as an upgrade of the existing NPS for government employees, who will continue contributing 10% of their income to the scheme. Meanwhile, no major decision on tax rate rationalization is expected in the upcoming GST Council Meeting, slated to be held in New Delhi on 9 September, the official mentioned above said. “So, there will be no decision expected on the current status in the upcoming GST Council Meeting.” The person said states don't want to reduce rates item-by-item as revenue remains their priority.

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History of this topic

NPS pension processing now similar to OPS rules. Check latest guidelines
1 day, 22 hours ago

NPS pension processing now similar to OPS rules. Check latest guidelines

India Today  

The Central Pension Accounting Office has released new guidelines to ensure that retirees under the National Pension System get their pensions on time. In a memo dated March 12, 2025, the CPAO reminded officials to follow the same process as the Old Pension Scheme, as per earlier instructions issued on 18 December 2023. To be more specific, it has been …

Unified Pension Scheme to be implemented from April 1: Who will benefit and how much?
1 month ago

Unified Pension Scheme to be implemented from April 1: Who will benefit and how much?

India TV News  

The Central Government has introduced the Unified Pension Scheme as an alternative to the National Pension System. The demand for the Old Pension Scheme had been growing, as OPS provided retired employees 50 per cent of their last drawn salary as pension. To address this, the government introduced UPS, ensuring a fixed pension amount for central government employees. Under UPS, …

Odisha to roll out unified pension scheme soon, says CM Mohan Charan
1 month, 1 week ago

Odisha to roll out unified pension scheme soon, says CM Mohan Charan

New Indian Express  

BHUBANESWAR: The state government has decided to implement the Unified Pension Scheme for its employees, who are considered eligible for pension under the National Pension System. The decision was taken at the state cabinet chaired by Chief Minister Mohan Charan Majhi on Friday night. Briefing mediapersons, Chief Minister Mohan Charan Majhi on Saturday said the state cabinet has approved the …

Mohan Majhi government announces unified pension scheme for employees in Odisha
1 month, 1 week ago

Mohan Majhi government announces unified pension scheme for employees in Odisha

The Hindu  

The Mohan Majhi government has announced to implement Unified Pension Scheme for government employees in Odisha, aligning it with the Central Government’s policy. The Cabinet chaired by Mr. Majhi on Friday, gave approval to implementation of UPS for those employees who are considered eligible for pension under the National Pension Scheme system. to appoint committee to study Unified Pension Scheme, …

Unified Pension Scheme: Check eligibility, benefits and other details here
1 month, 2 weeks ago

Unified Pension Scheme: Check eligibility, benefits and other details here

India Today  

The central government has announced the Unified Pension Scheme, offering it as an option under the National Pension System. As per the official notification of the government released on January 24, “The Unified Pension Scheme shall be applicable to such central government employees who are covered under the National Pension System and who choose this option under the National Pension …

Centre notifies Unified Pension Scheme for government employees; check effective date, eligibility and other details
1 month, 3 weeks ago

Centre notifies Unified Pension Scheme for government employees; check effective date, eligibility and other details

Live Mint  

The central government announced that the Unified Pension Scheme will be available as an option under the National Pension System for government employees. “The Unified Pension Scheme shall be applicable to such central government employees who are covered under the National Pension System and who choose this option under the National Pension System,” an official notification from the government said …

Centre finally notifies Unified Pension scheme option for government staff covered by NPS
1 month, 3 weeks ago

Centre finally notifies Unified Pension scheme option for government staff covered by NPS

The Hindu  

Five months after the Centre announced a new Unified Pension Scheme with assured benefits for government employees, the Finance Ministry late on Friday notified the scheme as an option for workers covered by the National Pension System to be effective from April 1, 2025. The NPS, originally known as the New Pension Scheme, did not offer an assured pension to …

Reforms to strengthen Unified Pension Scheme
6 months, 1 week ago

Reforms to strengthen Unified Pension Scheme

New Indian Express  

On August 24, the Union cabinet approved the Unified Pension Scheme, a significant step towards providing government employees a secure and assured pension after retirement. Over the last few years, the opposition has highlighted the dissatisfaction of government employees with the National Pension Scheme, commonly known as the New Pension Scheme. First, assured pension of 50 percent of the employee's …

Rise and Fall of the NPS: Will the UPS Arrest or Accelerate Its Demise?
6 months, 2 weeks ago

Rise and Fall of the NPS: Will the UPS Arrest or Accelerate Its Demise?

The Quint  

There are at least two features that make the UPS a poor cousin of the OPS for government employees. Firstly, the government has assured 50 percent of the average basic pay of the last 12 months as a pension and not 50 percent of the basic pay and dearness allowance of the last drawn salary. If a government servant’s average …

Why did the Centre alter its pension plan?
6 months, 2 weeks ago

Why did the Centre alter its pension plan?

The Hindu  

The story so far: Last weekend, the Union Cabinet signed off on a major shift in the approach for providing old age income security to Central government employees, setting the stage for a new Unified Pension Scheme to be launched on April 1, 2025. There are five major components of the UPS benefits, starting with the assurance that government employees …

NPS won't be rolled back, UPS is to improve it, no compulsion for states to adopt it: FM Nirmala Sitharaman
6 months, 2 weeks ago

NPS won't be rolled back, UPS is to improve it, no compulsion for states to adopt it: FM Nirmala Sitharaman

Hindustan Times  

The Unified Pension Scheme is “not a compulsion for states” since they are capable of making their own decisions, Finance Minister Nirmala Sitharaman said on Tuesday, August 27, 2024, but added that she hoped most states would adopt it “as it has a lot of benefits for employees.” Union Finance minister Nirmala Sitharaman hopes most states would adopt the UPS …

Unified Pension Scheme: How does it differ from the Old and New Pension Scheme?
6 months, 2 weeks ago

Unified Pension Scheme: How does it differ from the Old and New Pension Scheme?

The Hindu  

The story so far: Fulfilling a long-standing demand of government unions, the Centre on Saturday, unveiled a new ‘Unified Pension Scheme’ assuring government employees half their last drawn salary as a lifelong monthly benefit. The move is also a surprising rollback by the NDA government as it was the original NDA – the Atal Bihari Vajpayee government – which had …

Maharashtra becomes first state to offer Unified Pension Scheme. How is it different from National Pension Scheme?
6 months, 2 weeks ago

Maharashtra becomes first state to offer Unified Pension Scheme. How is it different from National Pension Scheme?

Firstpost  

The Eknath Shinde-led Maharashtra government is the first state in the country to offer its employees the newly-approved Unified Pension Scheme. The UPS will provide state employees a fixed pension after retirement, while returns on the National Pension Scheme are linked to the stock market The Unified Pension Scheme will give government employees who served 25 years around half their …

State government replaces NPS with sweeter revised pension scheme
6 months, 2 weeks ago

State government replaces NPS with sweeter revised pension scheme

Hindustan Times  

MUMBAI: Within 24 hours of the union government’s approval of the Unified Pension Scheme to replace the New Pension Scheme for its employees, the Mahayuti government approved the UPS for around 8.3 lakh employees in a cabinet meeting on Sunday. HT Image Around 1.4 million government and semi-government employees, including Class 1 officers, Class 4 employees and teachers, had threatened …

'UPS Not A U-Turn, But An Improvement': Top Government Official Defends Unified Pension Scheme
6 months, 2 weeks ago

'UPS Not A U-Turn, But An Improvement': Top Government Official Defends Unified Pension Scheme

News 18  

As Opposition and opposition-ruled states plan to confront and defy the Centre on the Unified Pension Scheme, the government has reached out to them again to convince them that it would make financial prudence to adopt the UPS and abandon the Old Pension Scheme. So, it would, and I hope they realise it, make sense to switch.” “In fact, experts …

Middle path: On the Unified Pension Scheme
6 months, 3 weeks ago

Middle path: On the Unified Pension Scheme

The Hindu  

The Centre has restored guaranteed pensions for its employees, meeting their demand halfway, and weakly trying to hold on to principles of fiscal prudence. Pension schemes around the world, whether contributory and market linked or underwritten by the exchequer, are facing a crisis, due to multiple factors, including demographic reasons. The Unified Pension Scheme, approved by the Cabinet, promises a …

Teachers’ Federation Rejects Unified Pension System
6 months, 3 weeks ago

Teachers’ Federation Rejects Unified Pension System

Deccan Chronicle  

Hyderabad: The School Teachers Federation of India on Sunday dismissed the Centre’s newly introduced'Unified Pension System as being nothing more than a deceptive rebranding of the existing Contributory Pension Scheme. Although the new scheme guarantees 50 per cent of the salary as pension for employees who have completed 25 years of service and offers 60 per cent family pension for …

Unified Pension Scheme: Congress Accuses Modi Govt Of 'U-Turns', Alleges Attack On Dalits, Tribals & OBCs
6 months, 3 weeks ago

Unified Pension Scheme: Congress Accuses Modi Govt Of 'U-Turns', Alleges Attack On Dalits, Tribals & OBCs

ABP News  

New Delhi, Aug 25 The Congress on Sunday took a jibe at the Centre over its announcement of the Unified Pension Scheme, saying the 'U' in UPS stands for the Modi government's "U-turns". Taking a dig at the government, Congress president Mallikarjun Kharge said, "The 'U' in UPS stands for Modi Govt's U turns! Under the unified pension scheme, it …

What Is Unified Pension Scheme? See What Changes It Brings
6 months, 3 weeks ago

What Is Unified Pension Scheme? See What Changes It Brings

ABP News  

The Government of India on Saturday gave a nod to the Unified Pension Scheme for government employees. The UPS comes after the central government employees have been demanding changes in the new pension scheme. Unified Pension Scheme The latest scheme announced by the central government puts in place the provision of a fixed assured pension. New Pension Scheme All central …

Top News: New Unified Pension Scheme to Be Implemented from 2025 | ABP News
6 months, 3 weeks ago

Top News: New Unified Pension Scheme to Be Implemented from 2025 | ABP News

ABP News  

The Modi government has introduced a significant benefit for government employees by approving the Unified Pension Scheme. This new scheme aims to ensure guaranteed pensions, family pensions, and a minimum assured pension for central employees. Under the new scheme, pensioners will receive 50% of their average basic pay from the last 12 months before retirement, provided they have served for …

Unified Pension Scheme: Who is eligible? What's the minimum amount? Explained
6 months, 3 weeks ago

Unified Pension Scheme: Who is eligible? What's the minimum amount? Explained

Hindustan Times  

The union cabinet on Saturday approved a Unified Pension Scheme, which will benefit approximately 23 lakh government employees and will serve as an alternative to the National Pension System. Union minister Ashwini Vaishnaw briefed the media on the central government's new Unified Pension Scheme. Prime minister Narendra Modi, who chaired the meeting, posted on X saying, “The Unified Pension Scheme …

'Almost OPS’: Centre's Unified Pension Scheme Offers Big Bonanza For Central Employees
6 months, 3 weeks ago

'Almost OPS’: Centre's Unified Pension Scheme Offers Big Bonanza For Central Employees

News 18  

In a major decision marking almost a return to the Old Pension Scheme which had existed till 2003, the Narendra Modi government has launched the Unified Pension Scheme, conceding a major demand of central employees. The union cabinet cleared the Unified Pension Scheme on Saturday, saying, “UPS structure has elements of both OPS and NPS, and removes uncertainties of the …

Union Cabinet approves assured 50% of salary as pension under Unified Pension Scheme
6 months, 3 weeks ago

Union Cabinet approves assured 50% of salary as pension under Unified Pension Scheme

The Hindu  

Union Cabinet on Saturday approved an assured 50% of salary as pension for 23 lakh government employees who joined service under the National Pension System. Announcing Cabinet decisions, Information and Broadcasting Minister Ashwini Vaishnaw said the Unified Pension Scheme announced that government employees will now be eligible to get 50% of the average basic pay drawn over the last 12 …

Unified Pension Scheme: Key features and benefits for retirees explained
6 months, 3 weeks ago

Unified Pension Scheme: Key features and benefits for retirees explained

Hindustan Times  

The Union Cabinet has approved a major reform in the pension system by introducing the Unified Pension Scheme. The introduction of the Unified Pension Scheme comes in response to widespread demands from government employees for changes in the New Pension Scheme. Union minister Ashwini Vaishnaw outlined that the Unified Pension Scheme is built on five key pillar. "Following extensions consultations …

Unified Pension Scheme: 50% Assured Pension, Family Benefits, & More — 5 Salient Features For Govt Employees
6 months, 3 weeks ago

Unified Pension Scheme: 50% Assured Pension, Family Benefits, & More — 5 Salient Features For Govt Employees

ABP News  

Unified Pension Scheme: In a significant development for government employees, the Union Cabinet on Saturday approved the Unified Pension Scheme, offering an assured 50 per cent of the salary as pension for 23 lakh government employees who joined service under the National Pension System. This amount will be the average of basic pay of 12 months before… pic.twitter.com/gKTlZCBOc2 — Press …

Restore old pension scheme, Central Government officers urge Cabinet Secretary
2 years ago

Restore old pension scheme, Central Government officers urge Cabinet Secretary

The Hindu  

A section of officers, led by the Confederation of Central Government Employees and Workers and the All India State Government Employees Federation, has approached Cabinet Secretary Rajiv Gauba demanding that the old pension scheme be restored and the National Pension Scheme revoked. The organisations said the Defined Benefit Pension Scheme, or the OPS, for government employees was a well-built and …

Cong, AAP Promise Old Pension Scheme: Will OPS Emerge as Key Issue in Gujarat After Himachal?
2 years, 3 months ago

Cong, AAP Promise Old Pension Scheme: Will OPS Emerge as Key Issue in Gujarat After Himachal?

News 18  

With the 182-member Gujarat Assembly election around the corner, both Aam Aadmi Party and Congress are making a range of poll promises to halt the BJP’s 27-year rule in the state. The BJP-led NDA government discontinued the old pension scheme in December 2003, following which the new pension scheme was implemented on April 1, 2004. Difference Between Old And New …

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