New Delhi, June 23 -- The Ministry of Finance has decided to extend the cut-off date for exercising the option for Unified Pension Scheme (UPS) by three months -- upto September 30, 2025, for eligible existing employees, past retirees, and the legally wedded spouses of deceased past retirees.

This move followed representations that were received from various stakeholders, requesting an extension of the cut-off date.

The Ministry of Finance notified the Unified Pension Scheme (UPS) for eligible Central Government employees on January 24, 2025.

To operationalise this framework, the Pension Fund Regulatory and Development Authority (PFRDA) notified the PFRDA (Operationalisation of the Unified Pension Scheme under NPS) Regulations, 2025 on...