Prime Minister Modi Highlights Introduction of Unified Pension Scheme for Government Employees

Prime Minister Narendra Modi praised the Unified Pension Scheme (UPS) introduced by the Central Government, ensuring financial security for government employees. The scheme, approved by the Union Cabinet, offers Assured Pension and Family Pension, benefiting around 23 lakh employees.

Prime Minister Narendra Modi lauded the introduction of the Unified Pension Scheme (UPS) by the Central Government on Saturday, highlighting its significance in securing the financial future of government employees.

The Prime Minister took to X, where he expressed pride in the dedication of government employees and emphasized the protection that the UPS provides. 'We are proud of all the government employees who work hard for the progress of the country. The Unified Pension Scheme (UPS) ensures dignity and financial security for these employees. This step reflects our government's commitment to their welfare and secure future,' he posted.

The BJP-led central government has approved the Unified Pension Scheme, benefiting approximately 23 lakh central government employees, with features including Assured Pension and Assured Family Pension. Information and Broadcasting Minister Ashwini Vaishnaw elaborated on the scheme during a media briefing following the Union Cabinet meeting, chaired by Prime Minister Modi.

According to Vaishnaw, the scheme has two main pillars: the assured pension, constituting 50 percent of the average basic pay drawn over the last 12 months prior to superannuation, and the assured family pension, calculated at 60 percent of the employee's pension before their demise. Employees with a minimum of 10 years of service will receive an Assured Minimum Pension of Rs 10,000 per month upon superannuation.

(With inputs from agencies.)