A new Pension Scheme has been introduced by the government of India for the government employees in 2025. What is it called?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Unified Pension Scheme
The Unified Pension Scheme (UPS) was approved by the Union Cabinet in August 2024, notified in January 2025 and came into force on 1 April 2025. It is an option for central government employees covered by the National Pension System. It gives an assured pension equal to half the average basic pay of the last 12 months for those with at least 25 years of service, a family pension and a minimum pension of ₹10,000 a month after 10 years of service.