Railway Employees Welcome New Unified Pension Scheme (UPS)

The Unified Pension Scheme (UPS) for Central Government employees, effective from April 1, 2025, has been praised by railway employees. Unlike the NPS, UPS guarantees a fixed pension, providing 50% of the average basic pay for 25 years of service and a minimum pension of Rs 10,000 per month after 10 years. Employees can switch from NPS to UPS, and the government will contribute an additional 14 to 18.5%. The NFR Mazdoor Union expressed satisfaction, viewing the new scheme as a morale booster.