Unified Pension Scheme: UPS Scheme going to be implemented from 1 April, know how much and who will get benefits – Unified Pension Scheme from 1st APRIL Know Who will Qualify for 50 PERCENTEED PENSTEED PENSION UNDER UNDER UNDER UNDER UNDER UNDER UNDER UND

The central government is going to start integrated pension scheme or Unified Pension Scheme (UPS) from April 1, it is especially beneficial for employees who want a certain income after retirement. It is worth noting that on January 24, the government had officially announced the Unified Pension Scheme (UPS) as an option of the National Pension System (NPS) and now the scheme will be implemented from 1 April 2025. The UPS will be applied only to government employees, which are already registered under NPS. Government employees will have a disabled that they can choose one of NPS or UPS. Let’s know how to get its benefit?

What is Unified Pension Scheme (UPS)?
First of all, we know what is UPS? So let us know that under UPS, now a certain pension will be given to the central employees, which will be 50% of the last 12 months of the last 12 months of retirement of the employee. The employee will have to serve for at least 25 years to get this pension. On the other hand, if the employee dies, then the family will also get a certain pension, which will be 60 percent of the pension he gets. Apart from this, minimum Aside Pension will also be given, which means that those who work for 10 years, they will get a pension of at least 10 thousand rupees.

What will be the government contribution?
In the New Pension Scheme (NPS), the employee has to control 10 % of his basic salary and it contains 14 percent government contribution. At the same time, this contribution of the government or contribution in the UPS, which is going to be implemented from 1 April 2025, will be 18.5 percent of the basic salary of the employee. About 23 lakh employees are going to benefit from the implementation of this unified pension scheme and the additional burden on the government exchequer will be Rs 6250 crore in the first year.

Pension will increase on the basis of inflation
Independence has also been added under the Unified Pension Scheme. This means that the pension of retired employees will continue to increase according to inflation. This increase will be added to pension as dearness alloawance. This will be Calculat, the base of All India Consumer Price Index for Industrial Workers (AICPI-W). At the same time, a lump sum amount will also be given on retirement.

Who will get the benefit of this scheme?
This unified pension scheme for central employees covered under NPS was notified by the government on 25 January 2025. The Unified Pension Scheme will be applicable to such employees of the central government, which fall under NPS i.e. National Pension Scheme and select UPS options under it. People choosing UPS will not be entitled to any other policy concession, policy change, financial benefit.