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flag India launches Unified Pension Scheme for government workers, offering a fixed 50% pension after 25 years.

flag A new pension scheme for central government employees in India, called the Unified Pension Scheme (UPS), was launched on April 1, 2025. flag 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). flag Employees could switch to UPS by June 30, 2025, by submitting Form A1 or A2. flag Those who did not switch will remain under the NPS.

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