Govt Scheme: This news is very special for lakhs of pensioners of the country. Central Government will give pension to the poor from 1st April 2025UPSi.e (Unified Pension Scheme) is going to be implemented.
PM Narendra Modi The government led by PM Modi has taken a big step and officially launched the Unified Pension Scheme (UPS) for central government employees. UPS has been notified. Last year itself
UPS was launched by striking a balance between the Old Pension Scheme (OPS) and the National Pension Scheme (NPS), which provides guaranteed pension to government employees after retirement. Its purpose is to ensure financial security to the employees. The central government has said that employees who have already retired or are currently working under NPS since 2004 can select this scheme.
The Unified Pension Scheme was notified by the government on 25 January 2025 last month. The Unified Pension Scheme will be applicable to such central government employees. Who come under NPS and choose the UPS option under it. Any Indian citizen between the ages of 18 and 70 can voluntarily enroll in NPS.
According to a Navbharat Times report, under NPS, the employee contributes 10 percent of his basic salary, while the government contributes 14 percent. The government’s contribution to UPS has increased to 18.5%, while employees will continue to contribute 10 percent of their basic salary and dearness allowance. Apart from this, UPS is only for those government employees. Who have opted for NPS, while private employees can also opt for NPS if their employer has adopted the contribution.
It is known that under the Unified Pension Scheme, the Central Government has made a provision of fixed pension for its employees. Under UPS, government employees will now be entitled to get 50 percent of the average basic salary received in the last 12 months before retirement as pension. Here it must be noted that the minimum service period should be 25 years to get 50 percent of the salary as pension.
The new pension scheme also guarantees a minimum pension of Rs 10,000 per month on retirement after a minimum of 10 years of service. That is, central employees will get a fixed pension of at least Rs 10,000. After the implementation of UPS from April 1, 2025, this contribution of the government will be 18.5% of the basic salary of the employee. In such a situation, the additional burden on the government treasury will be Rs 6250 crore in the first year.
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