pension benefits

India News

Unified Pension Scheme Introduced for Central Government Employees

In a significant development ahead of assembly elections in one state and a Union Territory, the Indian government has announced the Unified Pension Scheme (UPS), addressing ongoing discontent with the New Pension Scheme (NPS). Union Minister Ashwini Vaishnaw revealed that the new scheme, set to benefit approximately 23 lakh central government employees, will be implemented from April 1, 2025. The…