THE CENTRAL GOVERNMENT ASSURED UNIFIED PENSION SCHEME FOR GOVERNMENT EMPLOYEES IN REVIEW OF (NPS) ON 24-8-2024.

Some of the state governments has started old pension scheme to their employees and the state of Himachal pradesh has also given this opportunity to employees , however now the government of India has assured new unified pension scheme to the central government employees and their families who are currently covered under the National pension scheme. The National pension scheme has replaced the old pension scheme in the year 2004 , but the employees are not satisfied with this provision of the NPS, so the employees all over the country are agitating for the old pension scheme and demanding the review of the NPS, as such the central government has assured pension of 50 percent of average basic pay drawn in last twelve months before superannuation of the employees and if service is below twenty five years and above ten years, a proportional pension will be given to the employees. Provision of assured family pension has also been given. Government has assured minimum ten thousand after ten years of the service period job. The Unified pension scheme of the government of India will be generated by increasing the share of the government from ten percent to fourteen and now 18.5 percent where as the employee share will remain ten percent as earlier and option is the way to prefer the UPF from NPS and all the state governments may also prefer this scheme for their employees. The unified pension scheme will apply to those having already retired under the NPS from 2004 onwards, will get arrears. It is very clear from the basic design &scope of the said scheme that qualifying service for the assured pension benefit will be twenty five years however if the service of the employee is below twenty five years and more than ten years he has also been allowed for a proportional pension calculated as per the given decision of the government.