Are you a government employee? Was your appointment made in 2004 or later? If the answer to these questions is yes, then you will definitely know about N.P.S. Its mean National Pension Scheme. Although this scheme has the name of pension, there is no guaranteed pension in it. It is stock market dependent. This means that pension of this scheme depends on the returns of the stock market. And the difference between the New pension scheme and the old pension scheme was huge. So government employees were unhappy with the N.P.S. So the government employees held regular meetings and appealed to the government to implement their old pension scheme. But the government had no intention of implementing the old pension scheme. Then the government employees’ union appealed to the government that even if the OPS is not implemented, then at least bring such a pension scheme in which the employees will at least get a certain pension after their retirement. Responding to this plea from employees, the government has introduced a pension scheme for government employees by the end of 2024 that will have the features of both the Old Pension and the New Pension Scheme. The name of this pension is U.P.S or Unified Pension Scheme.

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Features of Unified Pension Scheme:

    1. This pension scheme is only for the Central Govt Employees.

    2. Assured Pension of 50% of Last basic pay drawn + Dearness relief.

    3.  It is different from NPS & Ops but has many features taken from them.

   Eligibility: