WARM GREETINGS OF RAM NAVAMI
“ON THE AUSPICIOUS OCCASION OF RAM NAVAMI, WARM GREETINGS AND BEST WISHES”
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DIFFERENCE OF UPS FROM OPS AND NPS:
RAJYA SABHA QA
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
RAJYA SABHA
UNSTARRED QUESTION NO. 3440
ANSWERED ON TUESDAY, 01 APRIL, 2025/ 11 CHAITRA, 1947 (SAKA)
DIFFERENCE OF UPS FROM OPS AND NPS
3440. Shri Parimal Nathwani:
Will the Minister of Finance be pleased to state:
(a) the details of how the new Unified Pension Scheme (UPS) differs from the Old Pension Scheme (OPS) and/or the National Pension Scheme (NPS);
(b) the details of State Governments who have shown interests to implement the same in their respective States for their employees; and
(c) whether the Central Government mulls extending additional financial support etc to the State Governments that adopt the UPS, if so, the details thereof?
ANSWER
MINISTER OF STATE FOR FINANCE
(SHRI PANKAJ CHAUDHARY)
(a) Unified Pension Scheme (UPS) has been notified by the Government on 24.01.2025, as an option under National Pension System (NPS) with the objective of providing assured monthly payout after retirement to the Central Government employees covered under the NPS.
UPS is defined contribution scheme with elements of defined benefit. It relies on the regular and timely accumulation and investment of applicable contributions (from both the employee and the employer) for assured payout to the employees.
The Old Pension Scheme is a defined benefit non-contributory scheme, fully funded by Government. It is applicable to Central Government employees who have joined the service on or before 31.12.2003 The National Pension System (NPS) is a defined contribution-based scheme with market linked returns for post-retirement benefits. It is applicable to Central Government employees, except armed forces, who have joined the service on or after 01.01.2004
(b) and (c) The regulation of service conditions of State Government employees falls under the administrative domain of respective State Governments.
AMENDMENTS RELATED TO TAX DEDUCTION AT SOURCE (TDS) DEDUCTIONS UNDER VARIOUS SECTIONS OF INCOME TAX ACT 1961 NOTIFIED IN THE FINANCE ACT 2025 W.E.F. 01 APRIL, 2025(CLICK THE LINK BELOW TO VIEW)
https://utilities.cept.gov.in/dop/pdfbind.ashx?id=11648
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CIRCULATION OF AMENDMENT IN GOVERNMENT SAVINGS PROMOTION GENERAL RULES,2018. (CLICK THE LINK BELOW TO VIEW)
https://utilities.cept.gov.in/dop/pdfbind.ashx?id=11638
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INTER-CIRCLE TRANSFER IN THE CADRE OF INSPECTOR POSTS (CLICK THE LINK BELOW TO VIEW)
https://utilities.cept.gov.in/dop/pdfbind.ashx?id=11645
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INTER-CIRCLE TRANSFER IN THE CADRE OF ASSISTANT SUPERINTENDENT OF POSTS
(CLICK THE LINK BELOW TO VIEW)
https://utilities.cept.gov.in/dop/pdfbind.ashx?id=11646
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CENTRALIZED CADRE MANAGEMENT OF IP/ASP- MODALITIES FOR REPATRIATION OF IP/ASP ON FIELD SERVICE TO APS (CLICK THE LINK BELOW TO VIEW)
REVISION OF RATES OF DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES - EFFECTIVE FROM 01.01 .2025 (CLICK THE LINK BELOW TO VIEW)
https://utilities.cept.gov.in/dop/pdfbind.ashx?id=11634
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PROCESSING OF RULE-38 TRANSFER REQUESTS FOR SKILLED ARTISANS, DRIVERS, ELECTRICIANS ETC. OF MMS UNITS (CLICK THE LINK BELOW TO VIEW)
RATE OF INTEREST ON GPF AND OTHER SIMILAR FUNDS FOR Q1 OF FY 2025-2026 W.E.F. 01ST APR, 2025: FIN MIN RESOLUTION DATED 01.04.2025
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
New Delhi, the 01 April, 2025
RESOLUTION
It is announced for general information that during the year 2025-26, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven-point one percent) w.e.f. 1st April, 2025 to 30th June, 2025, this rate will be in force w.e.f. 1st April, 2025. The funds concerned are:
2. Ordered that the Resolution be published in Gazette of India.
(Aghish Vachhani)
Additional Secretary to the Govt. of India
MAHILA SAMMAN SAVINGS CERTIFICATE SCHEME (MSSC) (CLICK THE LINK BELOW TO VIEW)
https://utilities.cept.gov.in/dop/pdfbind.ashx?id=11628
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REVISION OF INTEREST RATES FOR SMALL SAVINGS SCHEMES W.E.F. 01.04.2025
(CLICK THE LINK BELOW TO VIEW)
https://utilities.cept.gov.in/dop/pdfbind.ashx?id=11630
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TRANSFERS/ POSTINGS IN THE SENIOR ADMINISTRATIVE GRADE OF THE INDIAN POSTAL SERVICE, GROUP 'A’ (CLICK THE LINK BELOW TO VIEW)
PIB NEWS
MINISTRY OF FINANCE
CABINET APPROVES RELEASE OF AN ADDITIONAL INSTALMENT OF DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES AND DEARNESS RELIEF TO PENSIONERS W.E.F. 01.01.2025
48.66 LAKH CENTRAL GOVERNMENT EMPLOYEES AND 66.55 LAKHS PENSIONERS TO BENEFIT 2% BENEFIT TO COST RS. 6614.04 CRORE PER ANNUM TO EXCHEQUER
Posted On: 28 MAR 2025 4:16PM by PIB Delhi
The Union Cabinet chaired by Prime Minister Narendra Modi approved to release of an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.01.2025 representing an increase of 2% over the existing rate of 53% of the Basic Pay/Pension, to compensate against price rise.
The combined impact on the exchequer on account of increase in both Dearness Allowance and Dearness Relief would be Rs. 6614.04 crore per annum. This will benefit about 48.66 lakh Central Government employees and 66.55 lakhs pensioners.
This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. MJPS/SKS (Release ID: 2116184)
वित्त मंत्रालय
कैबिनेट ने 01.01.2025 से केंद्र सरकार के कर्मचारियों को महंगाई भत्ते और पेंशनभोगियों को महंगाई राहत की अतिरिक्त किस्त जारी करने को मंजूरी दी
48.66 लाख केंद्रीय सरकारी कर्मचारियों और 66.55 लाख पेंशनभोगियों को 2 प्रतिशत लाभ यानि राजकोष पर प्रति वर्ष 6614.04 करोड़ रुपये का भार
Posted On: 28 MAR 2025 4:16PM by PIB Delhi
प्रधानमंत्री नरेन्द्र मोदी की अध्यक्षता में केन्द्रीय मंत्रिमंडल ने 01.01.2025 से केन्द्र सरकार के कर्मचारियों के लिए महंगाई भत्ते (डीए) और पेंशनभोगियों के लिए महंगाई राहत (डीआर) की एक अतिरिक्त किस्त जारी करने को मंजूरी दे दी है। यह मूल वेतन/पेंशन के 53 प्रतिशत की मौजूदा दर में 2 प्रतिशत की वृद्धि है, ताकि महंगाई की भरपाई की जा सके।
महंगाई भत्ते और महंगाई राहत दोनों में वृद्धि के कारण राजकोष पर प्रति वर्ष 6614.04 करोड़ रुपये का संयुक्त प्रभाव पड़ेगा। इससे लगभग 48.66 लाख केंद्र सरकार के कर्मचारियों और 66.55 लाख पेंशनभोगियों को लाभ होगा।
यह वृद्धि 7 वें केन्द्रीय वेतन आयोग की सिफारिशों पर आधारित स्वीकृत फार्मूले के अनुसार है। एमजी/केसी/वीके/एसके (Release ID: 2116201)
CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME-1980 – TABLES OF BENEFITS FOR THE SAVINGS FUND FOR THE PERIOD FROM 01.01.2025 TO 31.03.2025. View/Download the PDF
PIB NEWS
Ministry of Personnel, Public Grievances & Pensions
VALIDATION OF THE CENTRAL CIVIL SERVICES (PENSION) RULES AND PRINCIPLES FOR EXPENDITURE ON PENSION LIABILITIES FROM THE CONSOLIDATED FUND OF INDIA PASSED IN LOK SABHA AS PART OF FINANCE BILL ON 25.03.2025
Posted On: 26 MAR 2025 3:10PM by PIB Delhi
The legislation regarding Validation of the CCS (Pension) Rules and Principles for expenditure on Pension liabilities from the Consolidated Fund of India was passed in Lok Sabha on 25.03.2025 as part of the Finance Bill, 2025.
The validation legislation validates the principle that without prejudice to the Pension Rules, the Central Government has the authority to establish distinctions among pensioners as a general principle and that a distinction may be made or maintained amongst the Pensioners, which may emanate from the accepted recommendations of the Central Pay Commissions, and in particular the distinction may be made on the basis of the date of retirement. The legislation has been made effective from 1.6.1972 thereby validating all Rules made under Article 309 of the Constitution for CCS (Pension) Rules, 1972, CCS (Pension) Rules, 2021, CCS (Extraordinary Pension) Rules, 2023 including all instructions issued thereunder as amended from time to time. NKR/PSM (Release ID: 2115205) Visitor Counter: 1688
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कार्मिक, लोक शिकायत एवं पेंशन मंत्रालय
केंद्रीय सिविल सेवा (पेंशन) नियमों और भारत की संचित निधि से पेंशन देनदारियों पर व्यय के सिद्धांतों के वैधकरण से संबंधित विधेयक कल वित्त विधेयक,2025 के हिस्से के रूप में लोकसभा में पारित किया गया
Posted On: 26 MAR 2025 3:10PM by PIB Delhi
केंद्रीय सिविल सेवा (पेंशन) नियमों और भारत की संचित निधि से पेंशन देनदारियों पर व्यय के सिद्धांतों के वैधकरण से संबंधित विधेयक कल वित्त विधेयक,2025 के हिस्से के रूप में लोकसभा में पारित किया गया।
वैधकरण कानून इस सिद्धांत को मान्यता प्रदान करता है कि पेंशन नियमों के प्रति पूर्वाग्रह के बिना केंद्र सरकार के पास पेंशनभोगियों के बीच एक सामान्य सिद्धांत के रूप में अंतर स्थापित करने का अधिकार है तथा पेंशनभोगियों के बीच अंतर किया जा सकता है या बनाए रखा जा सकता है, जो केंद्रीय वेतन आयोगों की स्वीकृत अनुशंसाओं से निकल सकता है, और विशेष रूप से सेवानिवृत्ति की तारीख के आधार पर अंतर किया जा सकता है। यह कानून 1.6.1972 से प्रभावी हो गया है, जिससे संविधान के अनुच्छेद 309 के तहत सीसीएस (पेंशन) नियम, 1972, सीसीएस (पेंशन) नियम, 2021, सीसीएस (असाधारण पेंशन) नियम, 2023 के अंतर्गत बनाए गए सभी नियमों को समय-समय पर संशोधित किए गए सभी निर्देशों सहित मान्य किया गया है। एमजी/केसी/आईएम/एसवी
(Release ID: 2115299) Visitor Counter: 129
