Unified Pension Scheme UPS

Centre approves Unified Pension Scheme for govt employees; family and minimum pension guaranteed

• The Cabinet also approved continuation of the three umbrella schemes, merged into a unified central sector scheme namely 'Vigyan Dhara' of Department of Science and Technology (DST).

Nikita Prasad

Published24 Aug 2024, 08:00 PM IST

UPS: The Union Cabinet approved the Unified Pension Scheme for government employees. Photo: iStockphoto

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The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday approved the Unified Pension Scheme (UPS), which aims to provide assured pension, family pension and assured minimum pension to government employees.

Under UPS, the government has assured 50 per cent of salary as pension for government employees.