PFRDA EXTENDS ONE-TIME OPTION FOR CENTRAL GOVERNMENT EMPLOYEES (WHO JOINED SERVICES BETWEEN MAY 1ST AND AUG. 31ST ) TO OPT FOR UNIFIED PENSION SCHEME (UPS)

India, Sept. 16 -- The Government of India issued the following news release:

The Unified Pension Scheme (UPS) for eligible Central Government employees was notified by the Ministry of Finance, Government of India, vide Notification No. F. No. FX-1/3/2024 PR dated 24.01.2025.

In light of the recent clarifications and developments in the scheme, the Central Government has now decided to extend a one-time option to Central Government employees who joined services on or after 01.04.2025 and up to 31.08.2025, and who have opted for National Pension System, to migrate to the Unified Pension Scheme.

This option may be exercised on or before 30.09.2025, in alignment with the cut-off date already prescribed for other eligible categories under UP...