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Informist, Tuesday, Sept. 30, 2025

 

NEW DELHI – The government has extended the cut-off date to opt for the Unified Pension Scheme by two months, the finance ministry said Tuesday. Eligible existing employees, retirees, and legally wedded spouses of deceased past employees can now exercise the option for the Unified Pension Scheme by Nov. 30 instead of the earlier deadline of Sept. 30.

 

The Unified Pension Scheme aims to provide an assured pension and family pension for government employees. The government had rolled out the scheme to address the demand for assured returns.

 

Under the Unified Pension Scheme, 50% of the average basic pay drawn in the last 12 months prior to superannuation for a minimum qualifying service of 25 years would be given as assured pension. For those with less than 25 years but over 10 years of service, the assured pension would be a proportionate sum calculated on a pro-rata basis.

 

The scheme also assures family pension under which 60% of the pension will be given to the immediate family after the demise of an employee. While employees' contribution to the Unified Pension Scheme will continue to be at 10%, the Centre's contribution will be raised to 18.5% from 14.0%. There is a provision that will allow the Centre to revaluate its contribution once every three years, but there is no opportunity to tweak staff contributions.  End

 

Reported by Krity Ambey

Edited by Rajeev Pai

 

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