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India launches Unified Pension Scheme for government workers, offering a fixed 50% pension after 25 years.
A new pension scheme for central government employees in India, called the Unified Pension Scheme (UPS), was launched on April 1, 2025.
It offers a fixed pension of 50% of the last 12 months' average basic pay after 25 years of service, providing more financial certainty than the current National Pension System (NPS).
Employees could switch to UPS by June 30, 2025, by submitting Form A1 or A2.
Those who did not switch will remain under the NPS.
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India lanza un esquema de pensión unificado para los trabajadores del gobierno, ofreciendo una pensión fija del 50% después de 25 años.