UPS - Unified Pension Scheme Complete Details
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the Unified Pension Scheme (UPS). The UPS ensures that all central government employees receive 50 per cent of their last drawn salary from the past 12 months as pension who have served for 25 years or more. Additionally, they will also be eligible for post-retirement inflation-linked increments in their pension amount.
The salient features of the UPS
- Assured pension: 50% of the average basic pay drawn over the last 12 months prior to superannuation for a minimum qualifying service of 25 years. This pay is to be proportionate for lesser service period upto a minimum of 10 years of service.
- Assured family pension: @60% of pension of the employee immediately before her/his demise.
- Assured minimum pension: @10,000 per month on superannuation after minimum 10 years of service.
- Inflation indexation: on assured pension, on assured family pension and assured minimum pension
- Dearness Relief based on All India Consumer Price Index for Industrial Workers (AICPI-IW) as in case of service employees
- lump sum payment at superannuation in addition to gratuity
- 1/10th of monthly emoluments (pay + DA) as on the date of superannuation for every completed six months of service
The Akhil Bhartiya Rashtriya Shaikshik Mahasangh (ABRSM), a premier teachers' organization in Bharat, has welcomed the Union government's approval of the Unified Pension Scheme for government employees. In a press note issued here, Professor J.P. Singhal, National President of ABRSM, emphasized that this landmark decision will ensure a dignified and secure future for lakhs of government teachers after their dedicated service.
Professor Singhal highlighted that the Unified Pension Scheme addresses the uncertainties faced by teachers and other employees under the National Pension System (NPS). The scheme guarantees a pension to employees who have completed a minimum of 25 years of service, ensuring they receive 50% of their average basic salary from the last 12 months before retirement. For those with service tenure between 10 and 25 years, a proportionate pension will be provided.
In addition to this, the scheme ensures financial security for families. If an employee passes away during service, their family will receive 60% of their pension as a family pension. Moreover, the government will contribute 18.5% of the employees’ basic salary towards their pension.
Shri Shivanand Sindhankera, National General Secretary of ABRSM, stated that the scheme provides an assured minimum pension of ₹10,000 per month for retirees with at least 10 years of service. Furthermore, the assured pension, family pension, and minimum pension will be adjusted according to inflation, ensuring protection for pensioners against the rising cost of living.
Shri Sindhankera praised this scheme as a significant move towards securing the economic well-being and dignity of government employees. ABRSM extended its gratitude to Prime Minister Narendra Modi and his administration for this crucial decision.
Professor Singhal added that the ABRSM has long advocated for removing the uncertainties of the NPS and restoring the guaranteed pension model for teachers. The organization has consistently pushed for this through memorandums, meetings, and demonstrations. The introduction of the Unified Pension Scheme is a positive step towards providing financial security for employees and their families. However, Professor Singhal also pointed out that teachers from various parts of the country have raised concerns, as the detailed notification for the scheme is yet to be issued. ABRSM intends to study the notification thoroughly once it is released and will present its position to the government to safeguard the interests of teachers.
కొత్త ఏకీకృత పెన్షన్ పథకం (UPS) యొక్క ప్రధాన లోపాలు
♦️10 సంవత్సరాల కంటే తక్కువ సర్వీసుతో మరణిస్తున్న లేదా పదవీ విరమణ పొందిన ఉద్యోగులకు ఎలాంటి ఉపశమనం లేదు
♦️10-24 సంవత్సరాల ప్రభుత్వ సర్వీసు ఉన్న వ్యక్తులు అతని/ఆమె జీతంలో కేవలం 20% నుండి 48% వరకు పెన్షన్ పొందుతారు, ఇది చాలా తక్కువ మరియు అన్యాయమైనది.
♦️10 సంవత్సరాలు మరియు అంతకంటే ఎక్కువ సేవకు కనీస పెన్షన్ రూ. 10000, ఇది చాలా తక్కువ.
♦️లంప్సమ్ మొత్తం @ 1/10వ వంతు జీతం పూర్తయిన ప్రతి 6 నెలలకు. 20 ఏళ్లు లేదా అంతకంటే ఎక్కువ ప్రభుత్వ సర్వీసు ఉన్న ఉద్యోగులకు కూడా ఇది కొన్ని లక్షల రూపాయల వరకు ఉంటుంది.
♦️భవిష్యత్ పే కమీషన్ల తర్వాత పెన్షన్‌ను సవరించడం లేదు.
♦️ప్రభుత్వం ద్వారా ఉద్యోగి (10%) + యజమాని (14%) వాటాతో నిర్మించబడిన NPS (PRAN) ఖాతా మొత్తాన్ని స్వాధీనం చేసుకోవడం.
♦️నిజానికి ప్రభుత్వం ద్వారా నెలవారీ ప్రాతిపదికన ఈ PRAN ఖాతా మొత్తాన్ని క్రమంగా విడుదల చేయడం ద్వారా పెన్షన్ హామీ ఇవ్వబడుతుంది.
♦️గ్యారెంటీ పెన్షన్ పేరుతో యుపిఎస్ పెద్ద జోక్ అని ఇదంతా ఎత్తి చూపుతోంది.
♦️మోసపోకుండా మిమ్మల్ని మీరు రక్షించుకోవడానికి తెలుసుకోండి.
