By Admin 
Switch from ups to nps: The government has introduced one-time, one-way switch facility for those employees of the central government, who want to return to the National Pension System (NPS) from Unified Pension Scheme (UPS). The Finance Ministry has said in a statement that people who have retired under eligible employees and NPS can join NPS from UPS by 30 September 2025. This facility will be available once and after that it will not be possible to return back to UPS again.
Ministry has laid some conditions
The ministry also said that employees who choose to remain in NPS cannot choose the option of UPS after September 30, 2025. The Ministry has laid down some conditions to switch to NPS from UPS. These are the conditions- eligible employees can switch to NPS only once and do not switch back to UPS. The employee will have to choose this option at least one year before retirement or at least three months before voluntary retirement (VRS). Apart from this, employees against whom disciplinary action is going on will not be able to avail this facility.
What is Unified Pension Scheme (UPS)?
The Unified Pension Scheme (UPS) is an option for central government employees under the National Pension System (NPS) so that they can get a sure payment after retirement. The UPS has come into force from 1 April 2025.
Who are eligible for UPS?
Central government employees under NPS are eligible to apply for UPS before the time limit. The deadline for choosing UPS is September 30, 2025 for eligible employees and former retired people under NPS.
When can you switch to NPS from UPS?
Employees who initially opted for UPS are now being given an opportunity to switch back to NPS, but only when they fulfill certain conditions.
What is the minimum sure payment under UPS?
The monthly minimum pension under this scheme is Rs 10,000. Under the scheme, the employee will be given pension based on the duration of his service. If an employee completes the service of 3 years or more, then he will get 50 percent of the average basic salary of the last 12 months as a pension. At the same time, the pension amount for those serving for 10 to 25 years will be fixed in the ratio of years of service.
Also read:
‘Good news’ for central government employees, know how long will be announced to increase 3 percent DA?