<ul data-eligibleForWebStory="true"><li>Central government employees have been granted three more months to decide between the National Pension System (NPS) and the Unified Pension Scheme (UPS).</li><li>The Finance Ministry extended the deadline from 30 June to 30 September in response to stakeholder requests.</li><li>UPS is preferred for its security and guaranteed benefits, including monthly payouts and lump sum amounts at retirement, making it more attractive than NPS which offers market-linked returns.</li><li>Newly-hired government employees must choose UPS within 30 days of joining, with the decision being irreversible. If no choice is made by 30 September, default option is NPS. Those switching will have their pension amount transferred to UPS.</li></ul>

3 more months to choose between UPS & NPS

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