Show Quick Read Summary is AI-generated, newsroom-reviewed

As the clock ticks down to the deadline, central government employees covered under the National Pension System (NPS) face a pivotal decision: opt into the newly introduced Unified Pension Scheme (UPS) for assured retirement payouts, or stick with the market-linked NPS and potentially forgo guaranteed benefits.

This one-time choice affects an estimated 23 lakh eligible workers and recent retirees, as missing the deadline locks them into NPS without further options. Introduced effective April 1, 2025, UPS aims to blend security with sustainability under the NPS framework. Here's a clear overview to aid your decision.

Understanding UPS: A Shift Toward Guaranteed Retirement Income

UPS serves as an elective enhancement to NPS, pri

See Full Page