unified pension scheme: Union government on saturday approved unified pension scheme. this news has come as a good news for government employees. This news was announced by Shri Ashwini vaishnaw minister for information and broadcasting and railway.
The state governments will also be given chance to opt for unified pension scheme. The scheme will be effective from from 01 april 2025. Central goverment employees will be given chance to opt between New pension scheme and unified pension scheme. Existing employees will also be given chance to switch
Some key points to remember :-
- Assured pension:- fifty percent of the average basic pay for last 12 months prior to retirement,with minimum qualifying service of 25 years.
- Proportionate for lesser service upto minimum of 10 years of service.
- Assured family pension of 60 percent of pension of employee to family.
- minimum rs 10000 pension after 10 years of service.
- Lumpsum payment at retirement in addition to gratuity.
- 1/10 of the monthly emolument ie da and basic pay as on the date of retirement for every completed six months of service.
- This payment will not reduce the quantum of assured pension.
image PIB 
IMAGE :PIB 
The Union Minister of Railways, Information and Broadcasting and Electronics and Information Technology, Shri Ashwini Vaishnaw briefing the media regarding decision of Cabinet, in New Delhi on August 24, 2024. This decision is a welcome step of Modi led BJP government.
