The Finance Ministry on Tuesday announced an extension of the deadline for central government employees to opt for the Unified Pension Scheme (UPS) till November 30, 2025.
The move comes after a relatively low response from employees covered under the National Pension System (NPS).
In an official communication to the Pension Fund Regulatory and Development Authority (PFRDA) Chairman, the Department of Financial Services, under the Finance Ministry, said the cut-off date for opting into the UPS has been extended by two months from the earlier deadline of September 30.
The ministry explained that several recent positive changes under the UPS, such as the introduction of a switch option, benefits related to resignation and compulsory retirement, and tax exemptions, prompted requests from v