Overview

• The finance ministry extended the cut-off date by three months to September 30, 2025, for eligible employees, past retirees and legally wedded spouses of deceased retirees.
• The UPS, effective April 1, 2025, guarantees a pension equal to 50% of the average basic pay over the last 12 months for those with at least 25 years of service and offers assured family and minimum pensions indexed to inflation.
• Employees will contribute 10% of basic salary and dearness allowance to the scheme while the government’s share is set at 18.5% under UPS.
• The Centre announced on June 18 that UPS participants will now also receive retirement and death gratuity benefits previously available under the old pension scheme.
• Teams from the Pension Fund Regulatory and Development Authority and the finance ministry are conducting awareness campaigns to guide government staff through the UPS opt-in process.