Govt notifies unified pension scheme for employees, effective April 1, 2025

New Delhi: The government has notified the Unified Pension Scheme (UPS). In a gazette notification issued on January 24, it stated that the central government has decided to introduce Unified Pension Scheme, as an option under the National Pension System for the employees of the central government who covered under the NPS. The effective date for operationalisation of the Unified Pension Scheme shall be April 1, 2025, the gazette notification stated.

"The Unified Pension Scheme shall be applicable to such central government employees who are covered under National Pension System and who choose this option under National Pension System," the notification stated.

The gazette notification further stated that the existing central government employees under National Pension System, on the effective date of operationalisation of the Unified Pension Scheme option, as well as the future employees of the central government can choose to either take the UPS option under the National Pension System or continue with the National Pension System without the UPS.