The recent Cabinet approval of the Unified Pension Scheme (UPS) marks a significant enhancement to the National Pension System (NPS) for Central Government employees. The new scheme is set to be implemented from April 1, 2025, and aims to provide a more secure retirement for government employees.

The recent Cabinet approval of the Unified Pension Scheme (UPS) marks a significant enhancement to the National Pension System (NPS) for Central Government employees. The new scheme is set to be implemented from April 1, 2025, and aims to provide a more secure retirement for government employees.

Key features of the UPS include:

- **Improved Pension Security:** The UPS will guarantee that employees with sufficient years of service will receive a pension amounting to at least 50% of their last 12 months' average salary. This provides greater financial security for retirees, ensuring that their pension is more closely aligned with their pre-retirement income.

- **Uniform Pension System:** The introduction of UPS standardizes pension benefits across the board for Central Government employees, potentially reducing disparities and simplifying the pension structure.

This development reflects the government's commitment to enhancing the retirement benefits of its employees, ensuring a more stable and predictable income during retirement.