UPS Scheme Deadline: Central Employees Have Until June 30, 2025, to Join

Deadline to apply for UPS: Central employees can now join the UPS scheme, which is a great opportunity. UPS is an important schemetthats enough for the employees to improve their future. It also guarantees a fixed pension with some conditions. This scheme has been brought under the framework of NPS.

The purpose of UPS is also to provide a fixed and guaranteed pension to the government employees. In this scheme, employees will be given benefits like fixed pension, lump sum amount and gratuity th after retirementis scheme is especially for those who want financial security after the job. This is a new great pension option for the employees, which is enough to provide benefits. Those in the National Pension System can now also come to UPS.

Central employees must choose the option within three months.

Do you know that the FAQ issued by the Pension Fund Regulatory and Development Authority states that it is necessary for the existing employees to choose the option of UPS within three months from the date of launch of UPS. Such employees will have the last chance to join till June 30, 2025. They may have to decide soon which scheme they will enter. According to the guidelines of the Central Government, June 30 is the last chance to enter.

Know the guarantee of a pension. on

Anyway, the biggest benefit of UPS is assured monthly pension. The benefit is assured monthly pension. If you have worked for 25 years, then after retirement you will be able to get 50 percent of your average basic salary of the last 12 months.

If the employee’s basic salary was Rs 50,000, you will benefit from a pension of Rs 25,000. Even if you have served for 10 to 25 years, a minimum pension of Rs 10,000 has been fixed. Compared to NPS, where the return depends on the market, you get stability in UPS.

Know which month the pension will increase.

For your information, UPS has a Dearness Relief system, in such a situation your pension will keep getting upgraded according to inflation. As inflation increases, your pension will also increase. There is no such direct benefit in NPS, whereas in UPS this is a feature added thoughtfully.