Unified Pension Scheme

The central government led by Prime Minister Narendra Modi on Monday approved the Unified Pension Scheme for central employees. According to Union Minister Ashwini Vaishnav, it will affect 23 lakh government employees. The government wants to provide financial security to government employees and their families through the new pension scheme. Let us understand in five points what the Unified Pension Scheme is and what benefits the employees will get from it.

Assured Pension

Unified Pension Scheme will guarantee fixed pension to employees who have served for at least 10 years. If an employee has completed 25 years of service, he will get half i.e. 50 percent of the average basic salary of the 12 months before retirement as fixed pension.
Assured Family Pension

If an employee dies, his dependents will get a guarantee of family pension. This will be 60 percent of the last pension received by the employee. This means that if an employee was getting a pension of Rs 25,000, then after death the dependent will get Rs 15,000 per month.