Goa Government Implements Unified Pension Scheme for Employees

The Goa cabinet, chaired by CM Pramod Sawant, has approved the Unified Pension Scheme for government employees, ensuring lifelong pensions. Additionally, a ban on land use change has been instituted. The UPS requires a 10% salary contribution from employees and will take effect on April 1, 2025.

The Goa cabinet has approved the Unified Pension Scheme (UPS) for government workers, securing lifelong pensions based on 50 percent of the last drawn salary. The decision, chaired by Chief Minister Pramod Sawant, aligns with Central government norms and introduces significant changes compared to the existing National Pension System (NPS).

CM Sawant expressed his satisfaction with the decision, emphasizing the benefits for government employees. Unlike the Old Pension Scheme, which required no employee contribution, the UPS mandates a 10 percent salary contribution to the pension fund, effective from April 1, 2025.

In another key decision, the Goa government has banned land use changes, amending the Code of Communidade to restrict how designated land can be utilized. This move aims to preserve land for its intended purpose, enhancing the state's regulatory framework.

(With inputs from agencies.)