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Unified Pension Scheme – Who Can Apply and How to Opt In

<br>The Unified Pension Scheme (UPS) is designed to provide Central Government employees with lifelong financial security. It replaces NPS for eligible employees and ensures a guaranteed pension, inflation protection, and family support.<br><br>Visit - https://www.utipension.com/

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Unified Pension Scheme – Who Can Apply and How to Opt In

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  1. Unified Pension Scheme – Who Can Apply and How to Opt In

  2. Introduction The Unified Pension Scheme (UPS) is designed to provide Central Government employees with lifelong financial security. It replaces NPS for eligible employees and ensures a guaranteed pension, inflation protection, and family support.

  3. What is the Unified Pension Scheme (UPS)? The Unified Pension Scheme is a new retirement plan by the Indian government, starting from April 1, 2025. It is meant for Central Government employees, including those under NPS and new joiners after this date. Both the employee and the government will contribute monthly to the pension fund. After retirement, employees will receive a fixed monthly pension based on their salary. This ensures steady income and financial stability in their later years. The scheme is designed to make post-retirement life more secure and predictable.

  4. Who Can Apply? Central Government employees (including defence) who joined on or after 01.01.2004 and were under NPS. Employees covered under CCS (Pension) Rules, 2021. Members who wish to migrate their accumulated NPS corpus into UPS.

  5. Eligibility Highlights Existing Central Govt. Employees (as on April 1, 2025): Currently under NPS (Default/Active Choice: LC25, LC50, or 100% G-Sec) can switch to UPS within 3 months from April 1, 2025. New Recruits (on/after April 1, 2025): Can opt for UPS within 30 days of joining. If no choice is made, NPS will be the default. Retired Employees & Spouses: Those retired before March 31, 2025 under NPS (superannuation/Rule 560) or their legally wedded spouses of retired/deceased employees can opt for UPS within 3 months from April 1, 2025. Note: Once opted, the choice of UPS is final and irreversible.

  6. How to Opt In ? Eligible employees must apply for UPS before the deadline using the following process: 1: Existing Central Government Employees (as of April 1, 2025, under NPS): Submit Form A2 to your Drawing & Disbursing Officer (DDO) to enroll in UPS. 2: New Recruits (Joining on or after April 1, 2025) Employee needs to opt for UPS by submitting Form A1 to the DDO 3: Retired Employees (Superannuated or Retired on or before March 31, 2025, under NPS) : Submit Form B6 with KYC documents to the DDO. 4: Legally Wedded Spouse of a Deceased Retired Employee (Eligible for UPS but Passed Away Before Opting) : Submit Form B2 along with KYC documents to the DDO for UPS benefits.

  7. WHY OPT FOR UNIFIED PENSION SCHEME (UPS)? Ensure Assured Post-Retirement Payouts : Provide Central Government employees under NPS with GUARANTEED monthly payout after retirement. Establish a Fund-Based Payout System : Create a structured pension payout mechanism based on accumulated contributions and investments. Inflation Protection & Family Payout : Ensure that the Pension is 'Inflation Indexed', increases with time, & in case of death of an employee continues to the spouse.

  8. Why Opt for Unified Pension Scheme (UPS)? Enhance Financial Security for Retirees : Offer a stable and predictable source of income post-retirement, reducing financial uncertainty. Transition from existing pension structures : Migration from National Pension System (NPS) to Unified Pension Scheme (UPS). Gratuity Benefits: All Central Government Employees who opt for UPS will be eligible for retirement and Death gratuity benefits available under the Old Pension Scheme. Now’s your time to take charge of your financial freedom with UPS, a comprehensive, flexible, and reliable savings-cum-pension plan. Open your account through any UTI Pension Fund branch or online (https://www.utipension.com/) Reach out to us on contact@utipf.co.in and take the first step toward ensuring lifelong financial security.

  9. Conclusion The Unified Pension Scheme (UPS) is more than just a retirement plan—it's a promise of dignity, security and peace of mind for Central Government employees. With features like guaranteed monthly pensions, inflation protection, family support and flexible withdrawal options, UPS offers a solid financial cushion during retirement. Whether you're currently working or planning to join government service soon, this scheme ensures that your golden years are truly stress-free. Choose wisely and invest in a future where your financial freedom is guaranteed! Secure Tomorrow with UPS! Explore UTI Pension Fund Limited.

  10. Do you have any question? Contact - contact@utipf.co.in Visit - https://www.utipension.com/

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