Centre approves assured 50% of salary as pension for govt employees under Unified Pension Scheme
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The scheme will be effective from 1 April, 2025.
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The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday approved the Unified Pension Scheme (UPS), which aims to provide assured pension, family pension and assured minimum pension to government employees.
Under UPS, the government has assured 50 per cent of salary as pension for government employees. The Cabinet also approved the continuation of the three umbrella schemes, merged into a unified central sector scheme namely ‘Vigyan Dhara’ of the Department of Science and Technology (DST).
https://indianexpress.com/article/india/unified...
Deal Wiki
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Last updated by: silentOBSERVER
To get pension -
Employee's contribution - 10%
Employer's contribution - 14%
This corpus will be invested in various bonds and stock market
After retirement the 40 % of the corpus money will be invested in market and returns from there will be systematically withdrawn to give pension.
No gratuity
No fixed pension at the retirement as it was subject to market risk(share market)
No dearness allowance for the pensioners
UPS (Unified pension scheme)
To get pension -
Minimum service of 10 years.
The government will contribute 18.5%.
No contribution will be taken from the employee.
Fixed pension will be provided depending upon service years.
After completing 25 years in service the pension will be calculated as
50% of the last 12 month average of basic salary+ dearness allowance
Gratuity will be given as you complete 6 years service you will be entitled for 1 month of salary as gratuity and accordingly calculated for your service years
Dearness allowance will be provided
Spouses of the pensioners will be provided 60% of the pension amount after the death of pensioners.
It is written in a very general terms please consider the exact provisions in the government orders.
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even govt employess pays taxes compulsorily ,
govt employess are kinda in CREAMY LAYER in TAX LOL
everyone IN INDIA HAS TO PAY TAXES for their income except agriculture OWNERS
Wow nice nice, great news:)
VU+ for the news to spread
Can anyone elaborate this Unified Pension scheme in LAYMAN TERMS
as i am new to this?:) please do help to understand this in layman terms
more demand / dowry for sarkari naukri walas !!!!!
PARTY
Similar topic thread posted earlier
@bumblefoot
Good to understand
Thanks for the deal wiki explanation silentOBSERVER
is it applicable for Delhi government employees ?
applies to Central govt jobs
so Delhi is union territory so my guess is it wont be unless you work in central govt related jobs at Delhi
not sure how rules applies for union territory (I might be wrong, someone please correct me if i am wrong)
Applicable to PSU employees also?
50% of basic pay+ DA or only 50% of basic pay?
Taxpayers money who works in private jobs, contribute as pension to government emp... 
No. of government employees around 40 lakhs ( assuming 80% of them falls in tax slab and pay taxes )
No. of Pvt sector employees around 6 crores ( even assuming only 30% of them pay taxes)
You Can now understand from where the majority of govt collection comes for such schemes.
1. Tax from everyone (except agriculture owners)
2. + GST from everyone
3. + Tax from Businesses/INDUSTRIES 
1+2+3 = total tax collected
not only private employees
This is ONLY for central govt employees. As always central govt employees get all the benefits while state govt employees barely get anything.
All good benefits are given to government employees and centre govt keep neglecting private sector employees. And instead burden them with more taxes.
even govt employess pays taxes compulsorily ,
govt employess are kinda in CREAMY LAYER in TAX LOL
everyone IN INDIA HAS TO PAY TAXES for their income except agriculture OWNERS