Centre approves Unified Pension Scheme providing Assured Pension, Assured Family Pension

Aug 25, 2024

New Delhi, August 25 (ANI): In a significant decision impacting lakhs of employees, the BJP-led central government on Saturday approved the Unified Pension Scheme (UPS) which provides for Assured Pension and Assured Family Pension. Union Minister of Information and Broadcasting, Ashwini Vaishnaw said, “Today the Union Cabinet has approved Unified Pension Scheme (UPS) for government employees providing for the assured pension. 50% assured pension is the first pillar of the scheme. Second pillar will be assured family pension. About 23 lakh employees of the central government would benefit from the Unified Pension Scheme (UPS). There will be an option for the employees to opt between NPS and UPS.”