Unified Pension Scheme: Who qualifies and what’s next for NPS subscribers?

Prime Minister Narendra Modi’s government approved the Unified Pension Scheme on August 24, benefitting 23 lakh government employees starting April 1, 2025. Employees under the current National Pension Scheme can opt for the UPS, which assures pensions, family pensions, and inflation adjustments. This decision was praised by BJP states, while others demanded a return to the Old Pension Scheme.