Unified Pension Scheme Explained | UPS Vs NPS Vs OPS | News9

The Modi government has approved a new pension scheme called the Unified Pension Scheme, which will come into effect in FY2025-26. After removing the Old Pension Scheme, the NDA government introduced the Unified Pension Scheme (UPS) after much criticism and pressure from government employees. The UPS amalgamates the advantages of the Old Pension Scheme and the features of the National Pension Scheme.

As per the provisions of the UPS, Central government employees will receive 50% of their last drawn salary from the past 12 months as their pension. UPS also adopts a key feature from the NPS, which is it's contributory in nature.

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