The Unified Pension Scheme is going to start!
The Unified Pension Scheme (UPS) is going to start from april 1, 2025 to give guaranteed pension to central employees. Employees working in the central government on or after april 1, 2025 can apply for it. The Pension Fund Regulatory and Development Authority (PFRDA) has issued its notification under the National Pension System (NPS). Registration for the Unified Pension Scheme is going to start from april 1. For this, you can either apply online through the Protean CRA portal (https://npscra.nsdl.co.in) or you can fill the form and submit it yourself. The minimum pension amount under UPS is Rs 10,000.
What is the Unified Pension Scheme?
Registration for the Unified Pension Scheme is going to start from april 1. For this, you can either apply online through the Protean CRA portal (https://npscra.nsdl.co.in) or you can fill the form yourself and submit it through the head office of your department or the Drawing and Disbursing Officer (DDO). However, the benefits of this scheme will be available only to those government employees who have completed at least 25 years of service. In case of the death of the employee, there is a provision to give 60 percent of the pension amount as pension.
Who can apply for UPS?
Existing central government employees who are in service till april 1, 2025 will also come under NPS.
New employees recruited in the central government service will also come under NPS.
Retired employees who were covered under NPS and have either retired by march 31, 2025, taken voluntary retirement, or retired under Fundamental Rule 56(j) are eligible for UPS.
If the employee dies before opting for UPS after retirement, the legally married wife/husband can join the scheme.
Different forms to be filled for UPS registration
If you are still in a government job, you will have to fill Form A2.
If you have recently joined a government job, then Form A1 will have to be filled for this.
Retired government employees will have to fill Form B2.
If the pensioner dies, his wife will have to fill Form B6.
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