Unified Pension Scheme
Assam Implements Unified Pension Scheme: Government Contribution Increases to 18.5% from Previous 10%
Oct 07, 2025 12:22 am CST
Assam has adopted the Unified Pension Scheme (UPS), increasing government contribution from 10% to 18.5%. Chief Minister Himanta Biswa Sarma announced that existing employees have one year to choose between continuing with NPS or switching to UPS, with all accumulated contributions transferable. Unlike the old pension scheme, UPS remains contributory with employees contributing 10% of their salary and dearness allowance.
Deadline Alert: Central Government Employees Must Choose Between UPS and NPS Pension Schemes by September 30
Sep 30, 2025 02:17 pm CST
Central government employees face a critical September 30 deadline to switch from the market-linked National Pension System (NPS) to the newly introduced Unified Pension Scheme (UPS). The UPS offers an assured pension with guaranteed minimum payout and lower risk compared to NPS. This one-time decision has significant implications for retirement planning, as employees remaining in NPS after the deadline cannot switch to UPS later.
Employees Taking VRS After 20 Years Can Get "Payout On Pro Rata Basis": Centre
Sep 17, 2025 12:45 am CST
Central government employees are entitled to "assured payout on pro rata basis" on opting for voluntary retirement after completion of service of 20 years or more under the recently-notified rules, the personnel ministry said on Tuesday.