The latest pension rules, 2025, which are important in lending complete financial security to the government employee. Under the PM ship of Narendra Modi, a meeting of the Central Board was held, wherein this minister has stated that the new rule will apply to all government employees with effect from April 1, 2025. All the state employees and also all the employees under it. They will be fully benefited and lakhs of employees in the state government who would opt for it would derive immense benefit. Under this scheme, the option will be provided to employees to choose either National Pension Scheme or Unified Pension Scheme. UPS has many important benefits like pension without any guarantee, family pension, etc., and minimum pension. Complete information is given in detail in the pension update.
In Detail About OPS
In-detail information about the Unified Pension Scheme has come. This is to inform the readers that it is a new pension scheme for financial security for all the Central Government employees. This scheme has come into force with a fusion of the old pensions and other benefits annexed under it. There are various features which include some characteristics. This being the biggest feature of the Unified Pension Scheme, is that after 25 years of service, pension will be given in the form of 50% of the average basic salary and proportional pension for 10 to 20 years of service. If in case of the death of the employee, 60% pension is given to the family. After a minimum service of 10 years, pensions of ₹1,00,00 will be given on a monthly basis. There will be relief in inflation index pension, family pension, minimum pension and dearness allowance.
This Is The Main Reason For The Change In The Pension Scheme
One of the main reasons for the change in the pension scheme is that the chief demands of the employees were there, which is why this pension scheme was changed to provide the employees with financial security. After the scrapping of the old pension scheme, several states demanded its reinstatement. But this scheme rested on fragile financial grounds and with no guarantee of fixed pension-anything which led to discontentment among its respective employees, the Unified Pension Scheme was then inducted so as to address their plight.
Major Benefits To Employees Of Unified Pension
There are many types of benefits under the scheme for employees, each with a guarantee of a fixed pension. For example, if 25 years of service are rendered in the government, then pension shall be granted at the rate of 50% average basic salary. Family pension is also payable. In case of demise of the employee, 60% of the pension will be granted to the family. A minimum pension, which shall become payable after 10 years of service, is a minimum of ₹10,000 per month. The pension is then indexed with inflation. Furthermore, in the scheme, the employee has an option to come either unto the new pension scheme or old pension scheme which once the employee opts will be the last option for him/her.
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