India, March 24 -- The Pension Fund Regulatory Authority of India (PFRDA) has notified that the Unified Pension Scheme (UPS) for central government employees will become operational from April 1, 2025.

This means that central government employees in service as of that date and who are covered under the National Pension Scheme (NPS), as well as newly recruited employees on or after April 1, 2025, will be enrolled under UPS, according to a report by news agency PTI.

The UPS promises to give government employees an assured pension of 50% of their average basic pay drawn over the past 12 months, prior to superannuation.

Superannuation refers to a company's pension plan, or the retirement scheme offered by employers to their employees.

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