PFRDA (Operationalisation of the UPS under NPS (National Pension System)) Regulations, 2025 Notified | Current Affairs | Vision IAS
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PFRDA (Operationalisation of the UPS under NPS (National Pension System)) Regulations, 2025 Notified

Posted 21 Mar 2025

1 min read

The regulation provides a detailed framework for the implementation of the UPS (refer to the infographic). 

Key Highlights of the Regulation 

An image showing details of UPS.
  • Nodal Ministry: Ministry of Finance
  • Applicability: Three categories of central government employees can opt-in (once opted for UPS, the decision is final and irreversible):
    • Existing NPS employees as on April 1, 2025.
    • Recruits joining on or after April 1, 2025.
    • Retired NPS employees (retired on or before March 31, 2025) or their legally wedded spouses (in case of demise of subscribers).
  • Service Duration Eligibility for UPS Benefits
    • Superannuation: Available after 10 years of service, payable from the retirement date.
    • Voluntary Retirement: Requires 25 years of service, payout starts from the notional superannuation date.
    • Exclusions: No benefits for removed, dismissed, or resigned employees.
    • Proportionate Payout: If service is 10 to 25 years, a reduced pension is provided.
  • Investment & Fund Management
    • Individual Corpus: Employees can choose investment patterns and pension funds.
    • Pool Corpus: Managed by government-approved pension funds, audited annually.
  • Tags :
  • Social Security
  • NPS
  • OPS
  • Unified Pension Scheme
  • Organised Sector
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