Unified Pension Scheme | Big Update for Central Govt Employees!
📢 Unified Pension Scheme | Big Update for Central Govt Employees! | Complete Guide for Central Government Employees | Government Rules Made Easy
Welcome to Government Rules Made Easy! In this video, we cover the latest Unified Pension Scheme (UPS), implemented through a Gazette Notification by PFRDA on March 19, 2025. This comprehensive video explains:
✅ Who is eligible for UPS?
✅ How to enroll in the Unified Pension Scheme?
✅ Timeline to exercise the UPS option
✅ Specific cases where UPS benefits apply
✅ How PRAN (Permanent Retirement Account Number) is tagged under UPS
✅ Qualifying service rules and guidelines
We discuss the three main categories of Central Government employees eligible for UPS:
1. Existing employees under NPS till April 1, 2025
2. New recruits joining on or after April 1, 2025
3. Retired or voluntarily retired employees till March 31, 2025
Learn about crucial rules on:
• Qualifying service calculation
• Impact of suspension, extraordinary leave, deputation, and unauthorized absence
• Irrevocability of the UPS option once exercised
🔔 Important:
• Existing/retired employees must opt-in within 3 months starting April 1, 2025
• New recruits must opt-in within 30 days of joining
• Failure to exercise the option within the timeline? Automatic continuation under NPS
Watch till the end to get all the key details you need to make an informed decision!
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Helpful Links:
🎥 Watch our previous video on this topic:
1. • Unified Pension Scheme | Monthly Assured P...
2. • Unified Pension Scheme (UPS) Gazette Notif...
🔗 Download UPS Gazette Notification:
1. https://drive.google.com/file/d/1LOdi...
2. https://drive.google.com/file/d/10VpE...
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OUTLINE:
00:00:00 Introduction of Unified pension scheme
00:02:16 Who will get the UPS option and what will be the timeline for exercising it?
00:04:48 What is the Eligibility to Receive Benefits under UPS?
00:06:20 How is qualifying service counted in UPS?
00:10:28 What is the process for exercising option and enrolment in UPS?
00:13:43 PRAN Tagging Process under Unified Pension Scheme
00:15:09 Key Highlights of this Video
00:18:22 Outro
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