Greater than 31,500 authorities workers go for UPS until July 20: Finance Ministry

As many as 31,555 Central Authorities workers have opted for the Unified Pension Scheme (UPS) until July 20, 2025, and the final date to enrol below the scheme is September 30, 2025, the Parliament was knowledgeable on Monday (July 28, 2025.)

In a written reply within the Lok Sabha, Finance Minister Nirmala Sitharaman mentioned as on July 20, 2025, at the least 7,253 claims have been acquired and out of which 4,978 claims have been processed for fee of advantages below UPS.

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From April 1, 2025, the federal government has launched UPS as an possibility below the Nationwide Pension System (NPS) for the Central Authorities workers. The UPS will present assured payouts to the staff.

In reply to a separate query within the Home, Minister of State for Finance Pankaj Chaudhary mentioned, “as on July 20, 2025, 31,555 workers have opted UPS.”

Additional, Ms. Sitharaman mentioned based mostly on the representations from workers and associations, the closing date to go for UPS was prolonged for a interval of three months as much as September 30, 2025.

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“As per eligibility standards, there are 25,756 retired Central Authorities subscribers eligible to obtain further advantages below UPS,” Ms. Sitharaman mentioned.

“These eligible subscribers are these Central Authorities workers who’ve both superannuated or deceased, or retired below Basic Guidelines 56(j), on or earlier than March 31, 2025, after finishing 10 years or extra of qualifying service and have been lined below NPS,” the Minister mentioned.

The federal government has prolonged the advantage of ‘Retirement gratuity and Demise gratuity’ below UPS. Additional, the federal government workers who go for the UPS below NPS shall even be eligible for possibility for availing advantages below the CCS (Pension) Guidelines, 2021 or the CCS (Extraordinary Pension) Guidelines, 2023, within the occasion of dying of the federal government servant throughout service or his discharge on the bottom of invalidation or disablement.

The federal government has additionally prolonged tax advantages to UPS as can be found to NPS below the Earnings Tax Act, 1961.

To a query on whether or not the federal government proposes to increase such advantages to different pension schemes or sectors within the close to future, Ms. Sitharaman mentioned, “UPS has been launched as an possibility below Nationwide Pension System (NPS) for the staff of Central Authorities who’re lined below the NPS. There is no such thing as a proposal into account to increase such advantages to different pension schemes or sector.”