retirement benefits
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.