Kolkata: UPS or NPS — Unified Pension Scheme or National Pension System — is a question that has bothered the Central government employees over the past few months. The Centre has said that it will allow a one-time and one-way switch from UPS to NPS even as many employees are weighing the comparative benefits of the two pension schemes. Whether migration will be allowed between the two was one of the key questions which were on the minds of the employees.

The Centre approved the UPS on August 24, 2024 and the scheme it was implemented for Central Government employees from April 1, 2025. However, there has been a less than lukewarm response to the UPS from the employees. As a result, the government has extended the deadline for switching from the NPS to the UPS till September 30 — by a period of three months.

The highlight of the UPS was tat it had the provision of a guaranteed pension, something the NPS lacked. The UPS was rolled........

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