| Category | Details |
|---|---|
| Scheme Introduction | Unified Pension Scheme (UPS) introduced as an alternative to National Pension System (NPS). |
| Effective Date | UPS becomes effective from April 1, 2025. |
| Deadline | Last date to switch from NPS to UPS is September 30, 2025, extended from June 30, 2025. |
| Eligibility | Central government employees appointed on or after January 1, 2004. |
| Ineligible | Employees under CCS (Pension) Rules, 2021, railway staff, casual/daily-rated employees, etc. |
| New Joiners | Employees joining on or after April 1, 2025, can opt for UPS within 30 days of joining. |
| Key Features UPS | Guaranteed Minimum Payout, Gratuity Benefits, Low Risk, Employee + Employer Contributions. |
| Key Features NPS | Market-Linked Growth, Partial Withdrawal Facility, No Guaranteed Pension. |
| Switching Guidelines | UPS employees can switch to NPS only once, at least 1 year before retirement. |
| Default Scheme | Employees who do not switch by the deadline will remain in NPS by default. |
| Important Dates | April 1, 2025 (UPS effective), September 30, 2025 (last date to switch). |
| Key Differences | UPS offers assured benefits, while NPS is market-linked with potential risks and rewards. |
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