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Government of India
Ministry of Finance
Department of Financial Services
(Pension Reforms Section)
OFFICE MEMORANDUM
Unified Pension Scheme (UPS)- Introduction of one-time one-way Switch
facility from UPS to NPS- reg.
The undersigned is directed to refer to the Unified Pension Scheme (UPS) notified by
the Ministry of Finance vide Notification No. F. No. FX-1/3/2024-PR dated 24th January 2025,
for Central Government employees covered under the National Pension System (NPS).
2.
It has been decided that a one-time, one-way switch facility from UPS to NPS shall be
made available to all Central Government employees who have opted for UPS. This switch
facility may be exercised by UPS optees any time not later than one year prior to the date of
superannuation or three months prior to the deemed date of retirement in case of voluntary
retirement, as applicable. Similar provisions will be made for resignation and cases of Rule
56J, with minor modifications as necessary. If switch facility not exercised as per aforesaid
timelines, the employee shall continue under UPS by default.
3. The switch facility will not be allowed in case of removal, dismissal or compulsory
retirement as a penalty or for cases where disciplinary proceedings are ongoing or
contemplated.
4.
Once the switch facility is availed, the provisions of the PFRDA (Exit & Withdrawal
under NPS) Regulations, 2015 shall apply. The concerned employee shall cease to be eligible
for assured payouts and UPS benefits. The Government's differential contribution (4%) at
default investment pattern will be worked out and shall be credited to the individual's NPS
corpus at the time of exit.
5.
Ministries/Departments are requested to bring the contents of this O.M. to the notice
of eligible officers/officials under your administrative control.
6.
This issues with the approval of Competent authority.Unified pension scheme

The Unified Pension Scheme (UPS) is a pension scheme introduced by the Government of India, effective 1st April 2025, as an option under the National Pension System (NPS) for Central Government employees. It is designed to provide assured, inflation-indexed, and adequate retirement benefits, addressing concerns of longevity protection and pension predictability.

UPS operates within the existing NPS architecture regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and is applicable to both serving and retired employees under specific conditions.

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