The Pension Fund Regulatory and Development Authority (PFRDA) has urged central government employees to submit their applications for the Unified Pension Scheme (UPS) as soon as possible. With reports of technical glitches on the online portal and the deadline looming, authorities have warned that the final date to apply is September 30, 2025.
What is UPS and Who Can Apply?
The UPS, launched on April 1, 2025, offers guaranteed pensions under the National Pension System (NPS). Employees who joined the central government between April 1 and August 31, 2025, are eligible to enroll. Additionally, those previously in NPS who wish to switch to UPS may also apply. Employees under disciplinary action, compulsory retirement, or dismissal are not eligible.
Enrollment Numbers
According to reports from PTI, over 31,500 central government employees have already opted for UPS. The government has provided a facility allowing employees to switch back to NPS, up to one year before retirement or three months before voluntary retirement.
Benefits of UPS
- Employees with 25 years of service receive 50% of their average basic salary from the last 12 months as a pension.
- Employees with at least 10 years of service receive a minimum monthly pension of ₹10,000.
- Family pension provides 60% of the last pension to the spouse in the event of an employee’s death.
- Other benefits include cost-of-living adjustments, retirement gratuity, and one-time payments.
UPS vs. NPS
UPS provides a guaranteed pension, whereas NPS returns depend on market performance. NPS offers greater tax benefits. PFRDA has advised employees not to wait until the last moment and to apply promptly to ensure retirement plans are secured.
