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50m ago

Assam Clears Unified Pension Scheme, Gives Employees One Year to Choose

Employee leaders will meet in Guwahati on October 12 to press for Old Pension Scheme restoration and weigh the new option.

Representational Image (IANS)
Old Pension Scheme
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Overview

  • The Assam Cabinet approved implementing the Unified Pension Scheme for state government staff, Chief Minister Himanta Biswa Sarma announced on October 6.
  • State employees will be able to opt into the new scheme or stay with the National Pension System, with a one-year window to record their choice.
  • Under the Unified Pension Scheme, workers with 25 years of service receive a defined pension equal to 50% of the average basic pay from the last 12 months.
  • Employees with at least 10 years of service receive a minimum monthly pension of ₹10,000, and families are entitled to 60% of the pension after a retiree’s death.
  • The Centre introduced the scheme on August 24, 2024 with effect from April 1, 2025, and Sarma said four states had already adopted it as Assam now follows.