Railway Employees Welcome Union Cabinet's Approval of Unified Pension Scheme Effective April 2025The Indian government's new Unified Pension Scheme (UPS) for central government employees, effective from April 1, 2025, has been welcomed by railway employees. The UPS provides a fixed and guaranteed pension, unlike the current National Pension System (NPS). It offers 50% of the average salary for the last 12 months before...
more... retirement for those with at least 25 years of service. Employees will also receive a minimum monthly pension of Rs 10,000 after 10 years of service. Existing NPS employees can opt to switch to the UPS, and new employees can choose between NPS and UPS. The government will contribute 14-18.5% of the employee's salary to implement UPS. Railway unions, who have long campaigned against NPS, are pleased with the UPS, believing it will improve employee morale.
April 1, 2025 se laagu hone wala Central Government ke employees ke liye Unified Pension Scheme (UPS) ko Railway employees ne bahut pasand kiya hai. UPS, NPS se alag, ek fixed aur guaranteed pension deta hai. 25 saal se kam nahi service karne wale employees ko, retirement se pehle last 12...
more... months ke average salary ka 50% milega. 10 saal service karne ke baad employees ko minimum Rs 10,000 per month pension bhi milega. Existing NPS employees UPS mein switch kar sakte hai, aur new employees NPS ya UPS mein se choose kar sakte hai. Government UPS ko implement karne ke liye 14-18.5% employee ka salary contribute karega. Railway unions, jinhone bahut saal se NPS ke khilaf agitation kiya tha, UPS se khush hain aur unhe lagta hai ki yeh employee ka morale badhayega.