News > Unified Pension Scheme: Here's everything you need to know

Unified Pension Scheme: Here's everything you need to know

Employees who joined the government services in 2004 and are covered by the National Pension System (NPS), will have the option to shift to UPS which will be implemented from April 2025. UPS guarantees pensioners a regular, predetermined amount after retirement. If a person works for 25 years or more under UPS, they will receive 50% of their average income from the previous 12 months, with an inflation-adjusted dearness allowance.