NPS (National Pension System) and the new UPS (Unified Pension Scheme) for central government employees
1. What’s Happening? The government is giving central employees a one-time choice : Continue with NPS OR switch to the new UPS , launched on April 1, 2025 Decision is final – once you choose, you can’t go back. 2. Who Can Choose UPS? You can opt for UPS if: You are currently under NPS and in service as on 1 April 2025 You retired before 31 March 2025 You join after 1 April 2025 – but you must decide within 30 days of joining You are the legally wedded spouse of someone who passed away before making this choice 3. Key Differences: NPS vs UPS (in simple terms) Feature NPS UPS Who is eligible Govt & private employees Only for central govt employees Pension Guarantee ❌ No (depends on market returns) ✅ Yes (if default plan is chosen) Inflation-adjusted pension ❌ No ✅ Yes ...