केंद्रीकर्मियों व अर्धसैनिकों की बल्ले-बल्ले 1st Apr 2025 से सभी को पेंशन Unified Pension Scheme UPS

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केंद्रीकर्मियों व अर्धसैनिकों की बल्ले-बल्ले 1st Apr 2025 से सभी को पेंशन Unified Pension Scheme UPS

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UPS ensures dignity, financial security for govt employees, says PM Modi
Ensures dignity, financial security: Home minister Shah, govt employees hail UPS

His remarks came after the Union Cabinet approved an assured 50 per cent of salary as pension for 23 lakh government employees

Prime Minister Narendra Modi said Saturday the Unified Pension Scheme ensures dignity and financial security for government employees, aligning with the government's commitment to their well-being and secure future.
His remarks came after the Union Cabinet approved an assured 50 per cent of salary as pension for 23 lakh government employees who joined service under the National Pension System (NPS).

The National Pension System is applicable for government employees joining the service after April 1, 2004. It was based on the premise of contribution rather than defined benefit applicable for employees prior to the NPS.

ALSO READ: Govt approves Unified Pension Scheme, to benefit 2.3 mn central employees

"We are proud of the hard work of all government employees who contribute significantly to national progress. The Unified Pension Scheme ensures dignity and financial security for government employees, aligning with our commitment to their well-being and a secure future," Modi said in a post on X.

Announcing Cabinet decisions, Union Information and Broadcasting Minister Ashwini Vaishnaw said that under the Unified Pension Scheme (UPS), government employees will now be eligible to get 50 per cent of the average basic pay drawn over the last 12 months before the superannuation as pension.
For this full pension or 50 per cent of pay as the pension, he said, the eligibility service length will be 25 years.
However, he said, it would be proportionate for a lesser service period up to a minimum of 10 years of service.
NPS subscribers can now opt for the Unified Pension Scheme (UPS), which offers assured pension applicable from the beginning of the next financial year.

Union Home Minister Amit Shah on Saturday hailed the decision on assured pensions to government employees, saying the Modi govt has reiterated its commitment to the financial security of those who form the backbone of the nation's governance.

The Union Cabinet on Saturday approved an assured 50 per cent of salary as pension for 23 lakh government employees who joined service under the National Pension System (NPS).
"Congratulations to our central government employees on the approval of the Unified Pension Scheme by PM Shri @narendramodi Ji in the Union Cabinet today. With the approval of the scheme, the Modi govt has reiterated its commitment to the financial security of our central government employees, who form the backbone of the nation's governance," Shah wrote on 'X'.
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The National Pension System is applicable for government employees joining the service after April 1, 2004.

It was based on the premise of contribution rather than defined benefit applicable for employees prior to the NPS.
Announcing the Cabinet decisions, Union Information and Broadcasting Minister Ashwini Vaishnaw said that under the Unified Pension Scheme (UPS), government employees will now be eligible to get 50 per cent of the average basic pay drawn over the last 12 months before the superannuation as pension.
For this full pension or 50 per cent of pay as the pension, he said, the eligibility service length will be 25 years.

Announcing Cabinet decisions, Union Information and Broadcasting Minister Ashwini Vaishnaw said that under the Unified Pension Scheme (UPS), government employees will now be eligible to get 50 per cent of the average basic pay drawn over the last 12 months before the superannuation as pension.
For this full pension or 50 per cent of pay as the pension, he said, the eligibility service length will be 25 years.
However, he said, it would be proportionate for a lesser service period up to a minimum of 10 years of service. NPS subscribers can now opt for the Unified Pension Scheme (UPS), which offers assured pension applicable from the beginning of the next financial year.