In a written reply within the Lok Sabha, Finance Minister Nirmala Sitharaman stated as on July 20, 2025, a minimum of 7,253 claims have been obtained and out of which 4,978 claims have been processed for fee of advantages below UPS.
From April 1, 2025, the federal government has launched UPS as an choice below the Nationwide Pension System (NPS) for the central authorities workers. UPS will present assured payouts to the workers.
In reply to a separate query within the Home, Minister of State for Finance Pankaj Chaudhary stated, “as on July 20, 2025, 31,555 workers have opted UPS”.
Additional, Sitharaman stated based mostly on the representations from workers and associations, the deadline to go for UPS was prolonged for a interval of three months as much as September 30, 2025.
“As per eligibility standards, there are 25,756 retired Central Authorities subscribers eligible to obtain further advantages below UPS,” Sitharaman stated. These eligible subscribers are these central authorities workers who've both superannuated or deceased, or retired below Elementary Guidelines 56(j), on or earlier than thirty first March 2025, after finishing 10 years or extra of qualifying service and have been coated below NPS, the minister stated. The federal government has prolonged the advantage of ‘Retirement gratuity and Loss of life gratuity' below UPS. Additional, the federal government workers who go for UPS below NPS shall even be eligible for choice for availing advantages below the CCS (Pension) Guidelines, 2021 or the CCS (Extraordinary Pension) Guidelines, 2023, within the occasion of dying of the federal government servant throughout service or his discharge on the bottom of invalidation or disablement.
The federal government has additionally prolonged tax advantages to UPS as can be found to NPS below the Earnings Tax Act, 1961.
To a query on whether or not the federal government proposes to increase such advantages to different pension schemes or sectors within the close to future, Sitharaman stated, “UPS has been launched as an choice below Nationwide Pension System (NPS) for the workers of Central Authorities who're coated below the NPS. There isn't any proposal into account to increase such advantages to different pension schemes or sector.”
