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Finance Ministry urges employees to opt for UPS before Sept 30 deadline

Finance Ministry urges employees to opt for UPS before Sept 30 deadline

by AIP Online Bureau | Sep 18, 2025 | Indian News, Pension & Social Security, Policy, Regulation

Around 31,555 central government employees had opted for the UPS till July 20, and the last date to enrol under the scheme is September 30 New Delhi: The Finance Ministry on Thursday asked government employees to opt for shifting to the Unified Pension Scheme (UPS)...

Govt extends one-time option to employees to opt for UPS

by AIP Online Bureau | Sep 16, 2025 | Briefs, Eco/Invest/Demography, Pension & Social Security

The government has decided to extend a one-time option to central government employees who joined services between April 1, 2025, and August 31, 2025, and have opted for the National Pension System, to migrate to the Unified Pension Scheme (UPS). This option may be...

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...
No proposal to restore Old Pension Scheme for central government employees: FM

No proposal to restore Old Pension Scheme for central government employees: FM

by AIP Online Bureau | Aug 11, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

  Nirmala Sitharaman,Union Finance Minister UPS has been introduced through a notification by the government on January 24, 2025, as an option under NPS, she said. Under UPS, she said, assured payout is admissible on retirement at 50 per cent of the twelve-month...
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...
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