Unified Pension Scheme notified for central govt employees: Check eligibility criteria, minimum guaranteed payout and other details

The Central Government has notified the Unified Pension Scheme (UPS) as an option under the National Pension System (NPS) for Central Government employees. The Pension Fund Regulatory and Development Authority (PFRDA) will oversee UPS regulations and provide operational guidelines. The scheme's effective date is April 1, 2025.