Archive · 25 May 2025
Chandigarh Employees Can Opt for Unified Pension Scheme
Employees working for the Chandigarh administration can now pick how they get their pension.
They can choose a new plan called the Unified Pension Scheme (UPS).
The UPS promises a set amount of money every month when they retire, if they have worked for at least 25 years.
This is different from the National Pension System (NPS), where the pension amount isn't fixed.
The Chandigarh administration adopted a new rule allowing this choice, based on a government notification.
The UPS guarantees 50% of the average salary for the last 12 months before retirement.
Chandigarh Administration allows regular employees to choose the Unified Pension Scheme (UPS).
The UT adopted a Ministry of Finance notification on UPS for employees.
UPS offers an assured pension, unlike the National Pension System (NPS).
Employees appointed on or after January 1, 2004, under NPS, can opt for UPS.
UPS guarantees 50% of average basic pay after 25 years of service.
- Who
- Regular employees of the Chandigarh administration appointed on or after January 1, 2004.
- What
- Chandigarh Administration employees can now choose the Unified Pension Scheme.
- When
- The UPS was launched on April 1.
- Where
- Chandigarh Administration
- Why
- To secure a fixed pension amount upon retirement.
- UPS Launch Date
- April 1, 2025
- Previous Pension System
- NPS
- Minimum Service for UPS
- 25 years
- UPS Pension Amount
- 50%
- Who is Eligible
- Chandigarh Administration Employees
