The Central authorities NPS subscribers who retired on or earlier than March 31, 2025, with a minimal 10 years of qualifying service, or their legally wedded partner, can now declare further advantages underneath the Unified Pension Scheme (UPS), over and above the NPS advantages already claimed, based on a press release issued by the Ministry of Finance on Friday.
The extra advantages embrace a lump sum cost (one time), one-tenth of the final drawn fundamental pay and dearness allowance thereon, for every accomplished six months of qualifying service.
A month-to-month top-up quantity is calculated based mostly on admissible UPS payout + Dearness reduction (DR) minus the consultant annuity quantity underneath the NPS.
Apart from, they’ll get arrears with easy curiosity as per relevant PPF charges.
The UPS advantages might be claimed via the bodily mode or the web mode.
The bodily mode entails visiting the DDO & submitting the Type (B2- for the subscriber & B4/B6 – for the legally wedded partner). The shape might be downloaded from the following- www.npscra.nsdl.co.in/ups.php
Within the case of the web mode, an eligible particular person can go online to www.npscra.nsdl.co.in/ups.php to fill out the web type.
The final date to assert the advantages is June 30.
The Pension Fund Regulatory and Growth Authority (PFRDA) has formally notified the operationalisation of the Unified Pension Scheme underneath NPS Laws 2025, which got here into impact from April 1, 2025.
These laws allow the enrolment of three classes of Central authorities staff. The primary class covers present Central authorities staff in service as on April 1, 2025, who’re lined underneath the NPS, whereas the second class consists of new recruits within the Central authorities providers, who be a part of service on or after April 1, 2025.
The third class consists of Central authorities staff who had been lined underneath the NPS and who’ve superannuated or voluntarily retired or have retired underneath Elementary Guidelines 56(j) on or earlier than March 31, 2025 and are eligible for the UPS or the legally wedded partner in case of a subscriber who has superannuated or retired and has demised previous to exercising the choice for the UPS.
