Overview

• The opt-in window was originally set to close on June 30 but was extended by the Finance Ministry through September 30 in response to employee associations’ requests.
• Only 31,555 central government employees—about 1.37% of the 2.3 million eligible—had enrolled by July 20.
• Pension authorities have received 7,253 claims and processed 4,978 payments for monthly pensions and lump sums under UPS.
• Switching to UPS is final and those who miss the September deadline will remain enrolled in the market-linked National Pension System.
• Employees’ existing NPS balances transfer automatically to their UPS-linked PRAN accounts, where participants also gain gratuity, death-in-service protections and tax parity.