NEW DELHI: The govt. Tuesday prolonged to Nov 30 the deadline for central govt workers to change from Nationwide Pension System (NPS) to Unified Pension Scheme (UPS), following a tepid response by central govt workers coated underneath NPS. The sooner closing date was Sept 30.This may allow extra eligible present workers, retirees and legally wedded spouses of deceased previous retirees to go for the UPS.In a letter addressed to Pension Fund Regulatory and Growth Authority, finance ministry stated varied modifications have been introduced lately underneath UPS, together with the change possibility, advantages on resignation, obligatory retirement, tax exemptions, and so forth. Stating that requests have been acquired from stakeholders that some extra time have to be given to workers to train the choice in view of the modifications, it stated, “It has been determined to increase the closing date to train selection for UPS by two months i.e. as much as Nov 30, 2025.”UPS was launched on April 1, 2025 as an elective scheme underneath the prevailing NPS framework for central govt workers, aside from the personnel of armed forces.As per PFRDA (Operationalisation of UPS underneath NPS) Rules, 2025, eligible present workers, previous retirees and legally wedded partner of deceased previous retirees had been given a timeframe of three months to train selection for UPS — as much as 30 June, 2025. Nevertheless, primarily based on varied representations acquired from stakeholders, this deadline was subsequently prolonged until Sep 30.The ministry has requested PFRDA to hold out obligatory modifications, or challenge a round to provide impact to the choice.
