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Govt allows a one-time switch facility from UPS to National Pension System

by AIP Online Bureau | Aug 25, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

From April 1, 2025, the government has introduced UPS as an option under the National Pension System (NPS) for central government employees. UPS will provide assured payouts to the employees. Around 31,555 central government employees have opted for the Unified...
Govt employees under Unified Pension Scheme to get tax benefit akin to NPS: Finmin

Govt employees under Unified Pension Scheme to get tax benefit akin to NPS: Finmin

by AIP Online Bureau | Jul 4, 2025 | Indian News, Pension & Social Security, Policy

The inclusion of UPS under the tax framework marks another step forward in the government’s effort to strengthen retirement security for central government employees through transparent, flexible and tax-efficient options, the finance ministry said in a...

NPS subscriber enrolment surges to 12 Lakh in FY25

by AIP Online Bureau | Apr 23, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security

The Assets Under Management (AUM) for both NPS and Atal Pension Yojana (APY) expanded by 23 per cent during 2024-25 to Rs 14.43 lakh crore by end-March 2025, it said New Delhi: The National Pension System (NPS) has achieved significant growth with private sector...
NPS corpus touches Rs 14.4 lakh crore with 8.4 cr subscribers in FY 25: PFRDA chairman

NPS corpus touches Rs 14.4 lakh crore with 8.4 cr subscribers in FY 25: PFRDA chairman

by AIP Online Bureau | Apr 5, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

L TO R- Deepak Mohanty, chairman,PFRDA , Nagaraju Maddirala, Secretary, Department of Financial Services, Pankaj Chaudhary,Minister of State for Finance at ‘International Research Conference on Pension 2025’ organised by PFRDA and IIM, Ahemedabad in New...
Finmin notifies assured pension scheme for govt employees, to be effective from April 1

Finmin notifies assured pension scheme for govt employees, to be effective from April 1

by AIP Online Bureau | Jan 26, 2025 | Indian News, Pension & Social Security, Policy

The notification will give the option to 23 lakh government employees to choose between UPS and NPS, which came into effect on January 1, 2004.The notification added that the rate of full assured payout will be 50% of 12 monthly average basic pay, immediately prior to...
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