Unified Pension Scheme switch window extended to 31 December for NPS subscribers
The window for Central Government employees covered by the National Pension System to opt for the Unified Pension Scheme has been extended by four months to 31 December 2026. The extension was notified after several federations reported that field offices in remote formations had not completed briefing sessions.
The Unified Pension Scheme offers an assured payout of 50% of the average basic pay drawn over the last twelve months of service, subject to a minimum qualifying service of 25 years. A proportionate payout applies for service between 10 and 25 years, and a floor of Rs 10,000 a month is guaranteed for employees with at least ten years of service.
UPS at a glance
| Feature | Provision |
|---|---|
| Assured payout | 50% of average basic pay of last 12 months |
| Minimum qualifying service | 25 years for full payout |
| Minimum guaranteed payout | Rs 10,000 per month (10+ years service) |
| Family payout | 60% of employee payout |
| Employee contribution | 10% of basic + DA |
| Government contribution | 18.5% of basic + DA |
Dearness Relief is payable on the assured payout, and a family payout of 60% of the employee's entitlement is provided on death. The option, once exercised, is final and irreversible.
Employees have been advised to compare their accumulated NPS corpus and its projected annuity against the assured payout before submitting Form A2 through their Drawing and Disbursing Officer.
एनपीएस के अंतर्गत आने वाले केंद्रीय कर्मचारियों के लिए एकीकृत पेंशन योजना (यूपीएस) चुनने की अंतिम तिथि 31 दिसंबर 2026 तक बढ़ा दी गई है। यूपीएस में 25 वर्ष की सेवा पर अंतिम 12 महीनों के औसत मूल वेतन का 50 प्रतिशत सुनिश्चित भुगतान मिलता है। यह विकल्प एक बार चुनने के बाद बदला नहीं जा सकता।