UPS vs NPS vs OPS: New Unified Pension Scheme with 50% assured pension, family pension and more

The Modi government has introduced a new Unified Pension Scheme (UPS) offering a 50% assured pension for central government employees who joined after January 1, 2004, under the National Pension System (NPS). This scheme, effective from April 1, 2025, allows NPS subscribers to switch to UPS, securing an assured pension starting from the next financial year. The move comes as several non-BJP states have reverted to the DA-linked Old Pension Scheme (OPS), with growing demands for similar changes elsewhere.