The Modi government has introduced the Unified Pension Scheme (UPS), a significant reform aimed at providing government employees with assured pension benefits. The UPS promises 50% of basic pay as a guaranteed pension after a minimum of 25 years of service. In the event of the employee's demise, 60% of the pension amount will be provided to their kin as a family pension. The scheme also assures a minimum pension of ₹10,000 per month after 10 years of service, and is indexed to inflation with in
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New Pension Scheme For Government Employees The Central Government introduced the Unified Pension Scheme (UPS) on 24 August 2024. The UPS scheme will be implemented from 1 April 2025 and is expected to benefit 23 lakh Central Government employees. BENEFITS A pension of 50% of the average basic pay over the last 12 months before retirement for employees having at least 25 years of service Rs. 10,000 per month upon superannuation after a minimum of 10 years of service CRITERIA Government employees
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