Unified Pension Scheme by PM Narendra Modi - Features & Benefits

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• The Unified Pension Scheme (UPS) guarantees family security.
• In the event of the employee’s demise, 60% of their pension is assured to their dependents.

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• The Unified Pension Scheme (UPS) guarantees a minimum pension of ₹10,000 per month for employees with at least 10 years of service.
• This guarantee acts as a crucial safety net, protecting retirees from inflation and financial uncertainties.
• It ensures a stable and secure post-retirement life.

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• The Unified Pension Scheme (UPS) for government employees includes an inflation protection feature.
• It provides Dearness Relief based on the All India Consumer Price Index for Industrial Workers (AICPI-IW).
• This inflation indexation applies to:
  • Assured pension
  • Assured family pension
  • Assured minimum pension

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• In addition to gratuity, retirees receive a lump sum payment.
• The lump sum is calculated at 1/10th of monthly emoluments for every completed six months of service.
• This benefit is provided in addition to the assured pension and does not reduce it.