OPS/NPS/UPS

 

  https://pib.gov.in/PressReleseDetailm.aspx?PRID=2048607

Salient features of unified Pension Scheme                 (UPS)

1.     Date of Effective

Unified pension scheme will be effective from 1^st April 2025 

2.    Applicable to-

Unified pension scheme is optional to all those government employees  

who have been appointed after 31-12-2003 under new pension Scheme 

or retired under New Pension scheme.

                       

3.Assurance   

 Assured pension minimum 10,000/- per month on completion 

of 10 years regular service.

 Any employee who has completed 10 years of regular service 

 will get a minimum pension @Rs.10, 000/- per month, on a complication 

 of 10 years of qualifying service.

 4. Assurance

    Assured pension @ 50% of the average basic pay drawn over the 

last 12 months prior to superannuation for a minimum qualifying service of 

25 years. This pay is to proportionate for lesser service period up 

to a minimum of 10 years of service.

 

Meaning thereby 

if any employees has served for more than 10 years but less than 25 years 

then his pension will be Rs.10,000/- or more but less than 50% of average 

basic pay drawn over the last 12 months and this reduction will be proportionate .

5.        Assured family pension will be @60% of the Pension.

6.      Dearness Relief based on 

All India consumer Price Index for Industrial Workers (AICPI-IW).

 

  7      Gratuity will be paid the same as in OPS and NPS.

8.       Lumpsum payment at superannuation in addition to Gratuity-

1/10^th of monthly emoluments (pay +DA) on the date of superannuation for every 

completed six months of service.

 

Comparison in Old pension scheme (OPS), New Pension Scheme (NPS), 

Unified Pension Scheme (UPS)

	Old Pension Scheme (OPS)	New Pension Scheme/National Pension Scheme  (NPS)	Unified pension scheme (UPS )
Minimum pension on complication of 10 years	9000/- per months	No such provision	10.000/-
pension	Full pension i.e@ 50% on completion of 10 years of service on retirement. Or Voluntary retirement after complication of 20 years of service	No such provision – no assured pension-pension is paid on the annuity purchased at the time of retirement	Full pension i.e. @ 50% on completion of 25 years of qualifying service. For the service below 25 years and above 10 years pension will be reduce proportionately
Gratuity	15 days salary (pay + DA) for every complete six months service , maximum upto 33 six monthly and amount rs.25 Lakh	same in OPS	Same as in OPS and NPS
Commutation of the pension	Upto 40% of the basic pension for a period of 15 years	No Such provision	No such provision
Lump sum payment  in addition to Gratuity	No such payment	60% of the NPS fund at the time of retirement or 20% of the fund if service left before age of superannuation	1/10th of monthly emoluments (pay+ DA) as on the date of superannuation of every completed six months of service
GPF	Applicable	Not applicable	Not applicable
Contribution of the employee and Government	No contribution	Contribution of the employee @ 10% of emoluments  (pay+ DA ) and 14% by the Government	Contribution of the employee @ 10% of emoluments  (pay+ DA ) and 18.5% by the Government