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New Delhi: As the last date for Central government employees to opt for the Unified Pension Scheme (UPS) draws near, the Finance Ministry on Tuesday issued a reminder that Eligible Employees and NPS subscribers can submit requests to nodal officers till 30 November 25 through the CRA system or via physical application. The last date…
New Delhi: The Department of Pension and Pensioners’ Welfare (DoPPW) has issued a fresh clarification regarding the Unified Pension Scheme (UPS) for central government employees. The circular states that if an employee resigns while under the UPS, they will lose their assured monthly pension benefit, but they will still be allowed to withdraw the pension…
New Delhi: Today, September 30, 2025, is the final day for central government employees to switch from the Unified Pension Scheme (UPS) to the National Pension Scheme (NPS). Eligible employees can make this switch only once, and, as per the Department of Financial Services, they cannot move back to UPS once the change is made….
New Delhi: The Pension Fund Regulatory and Development Authority (PFRDA) has given big relief to central government employees by extending the one-time option to shift between the National Pension System (NPS) and the Unified Pension Scheme (UPS). This move will benefit thousands of employees who were earlier unsure about which scheme to choose, giving them…
New Delhi: The Government of India has rolled out new rules for the Unified Pension Scheme (UPS). This gives central government employees an option to switch under the National Pension System (NPS). Effective from April 1, 2025, the scheme ensures employees get an assured payout after retirement, offering more security for their post-retirement years. The…
The Finance Ministry has introduced a one-time, one-way switch option for Central Government employees under Unified Pension Scheme (UPS) to shift to the National Pension System (NPS). “It has been decided that a one-time, one-way switch facility from UPS to NPS shall be made available to all Central Government employees who have opted for UPS….
New Delhi: Finance Minister Nirmala Sitharaman has introduced the Taxation Law (Amendment) Bill, 2025 in the Lok Sabha. This bill updates the Finance Act, 2025, and the Income Tax Act, 1961, with the primary aim of aligning the taxation rules of the Unified Pension Scheme (UPS) with those of the National Pension System (NPS). 1….
New Delhi: Finance Minister Nirmala Sitharaman on Monday told the Lok Sabha that there is no proposal to restore the Old Pension Scheme (OPS) for central government employees currently under the National Pension System (NPS). She said the government had shifted away from OPS because it created an unsustainable fiscal burden on the exchequer. To…
New Delhi: The Indian government rolled out the Unified Pension Scheme (UPS) under the National Pension System (NPS) starting April 1, 2025. The UPS was designed to bring together features of both the old pension plan and the current NPS, promising a steady pension like the old plan for central government employees. However, not many…
UPS vs NPS Monthly Pension Calculations: National Pension System (NPS) is the default pension scheme for central government employees, but they can also select Unified Pension System (UPS) now. Both retirement schemes offer a lump sum amount and a monthly pension at retirement. However, the contribution amount and the way the lump sum amount and…