NPS subscribers must switch to Unified Pension Scheme by November 2025
Heads up if you're on the National Pension System (NPS): the Finance Ministry urges eligible NPS subscribers to consider switching to the new Unified Pension Scheme (UPS) before November 30, 2025, if they wish to avail its benefits.
The UPS, which was formally notified on January 24, 2025, and comes into effect from April 1, 2025, is designed for Central Government employees and eligible retirees.
You can apply online through the CRA portal or just drop by your local Nodal Office—whatever works for you.
What's new with UPS?
From April 1, 2025, UPS brings in some handy perks—think tax breaks and better benefits if you resign or face compulsory retirement.
It still runs within the familiar NPS framework but adds more flexibility: if you ever change your mind, switching back to NPS is allowed.
If you're eligible, it's worth checking out these updates sooner rather than later!